Ok…wow…. this is too damn funny.
Mexico places a tariff on US goods. That means the Mexican government is now collecting money on the tariffed goods we’re sending them. Lets say it’s duct tape, tables, shower curtains and televisions.
So now a guy in Cozumel Mexico goes to the store and wants to buy some duct tape or a table or shower curtain or tv or whatever and he pays whatever merchant they have down there more for the duct tape, table, shower, curtain or TV.
Please explain how that pays for the wall. The Mexican government has the extra money the importer in Mexico is paying them. The Mexican merchant is charging more as a result. The Mexican consumer is a littler poorer due to the increased costs.
How’s that paying for a wall 2,700 KM away?
Mexico has also put tariffs on their exports.
Mexico has imposed tariffs on specific categories of U.S. products, including agricultural and food products such as pork, apples, potatoes, bourbon, and several types of cheese, but also steel and aluminum products and finished products like certain types of motorboats.
Mexico is the largest and second largest foreign market for U.S. exports of aluminum and steel.
The United States has maintained a persistent trade deficit in steel products for over a decade. Since 2009, imports have returned to average levels seen prior to the 2008 global recession, while exports have remained relatively flat in comparison, and the trade deficit has widened accordingly. Since their most recent low point, imports have grown by 192 percent between Q2 2009 and Q2 2018, while exports have increased by 32 percent. In YTD 2018, the U.S. steel trade deficit amounted to –11.3 million metric tons.
In 2017, U.S. steel exports were up 13 percent from 2016, up to 10.1 million metric tons. In YTD 2018, U.S. steel exports were down 5 percent to 4.9 million metric tons from 5.1 million metric tons in YTD 2017. The value of YTD 2018 steel exports has increased by 5 percent to $7.1 billion from $6.8 billion in YTD 2017.
