BREAKING: Trump to impose 20% tariff on Mexico to pay for wall

[ANumber1]

It's a good thing we don't have any exports to Mexico that will be impacted by the retaliatory 20% tax.

[dhawkeye1980]

One thing I wonder is would American companies importing from factories in Mexico pay the same tariff e.g. Auto makers? Would this then incentivize them to produce in America instead? Or would they just build factories in other countries?

You act like its just easy to move an entire production factory to another country

[ArtistBrahs]

I almost think they wanted this to happen cause they knew Mexican prez had no choice politically to cancel meeting or he looks weak. His approval rating is at an all time low since meeting with trump in September

So trump is prob like let's tweet some chit so he cancels meeting than use that as an excuse to put a tarrif to pay for wall. That's called being a ruthless businessman, but we benefit.

That's a 13D intergalactic chess move right there.

[BrightThru2014]

So American consumers will be paying for the wall by buying higher-priced imported goods?

Let's see how this plays out.

It's called negotiating. This puts pressure on Mexico to respond, this is a slight annoyance at best for the American consumer, but absolutely devastating to Mexico. Nieto will bend the knee.

[LukeLissen]

https://www.youtube.com/watch?v=daOH-pTd_nk

[Maestro]

My only worry, is avocados going up in price. damn dem mehicans.

Avocados
mangos
pomegranates
watermelon (depending on where you live)
bananas
Xbox consoles
the majority of parts and accessories related to VW/Audi

the come from Cali

Depends on the state. here in new mexico most of our fruit comes from Mexico.

fruits like avocado and bananas spoil too fast to come from California....and they are dirt cheap almost year round.

[Pissbeerbreh]

Spicer may have spoke out of turn on this, but he didn't pull the tariff thing out of thin air. Trump's been talking about it from day one. Tariffs have always been part of his big plan. But it's a gradual process, and levying a tax that big out of the gate would be bad for everyone, just less so for the U.S. Nieto was testing him when he pulled out of the meeting. Trump (through proxy) responded by smacking him in the face with this 20% tax thing. Read the Art of the Deal. This is only the beginning. In the end, they're paying for the wall.

[Maestro]

Not buying anything that was made in Mexico crew. Mexico is a warm up before we go after China. All hail Big D.

most of our fruits and vegetables come from Mexico out here. i'm not paying 5.99 for one phuckin' organic pomegranate at whole foods out of some perceived protest. I don't give a chit about any of this. Dont see why I have to be punished for it.

[KBurn]

Neutral economics based opinion - Mexico will pay some, consumers will pay some. Mexico will be forced to lower the price of exports to the maximum we'll pay for it, where this maximum is extremely high for agriculture, and lower in other things, like cars and other manufactured goods.

Given that the main export is agriculture, and even a 20% price increase on Mexican agriculture will not come close to the cost of doing it in the US, the main people that will be paying for it is the consumers.

Also, trade is fluid, in the case where their exports are totally blocked, they won't sit there and try to sell to US, they'll sell to the next most eager buyer, be it Canada or China.

A lot of this is populism. If they were serious about bringing the competitive edge back to US, they would stop the offshoring of services, ie. Engineering, Accounting, Call centers, etc. where just a small tariff would give us a massive edge.

The tariff would need to be something like 300% for it to be cheaper to produce in US, rather than buy from Mexico, but I'm not sure I want to pay $100 for a bag of potatoes

[PlanoLifter]

What are you even saying in here? Such nonsense.

This is going to be debilitating to Mexico. It's going to hurt the Mexican people a great deal. Mexico still has to compete with everyone else. Nobody is going to magically pay 20% more for a Mexican product unless Mexico is the only one who has that product. Costs may go up in the market overall (I doubt it will be by very much) but the main people hurt by this are Mexicans. When selling in our markets they will profit less. We may pay slightly more but it certainly won't be dramatically more.

It may hit Mexico hard. It may not. Time will tell.

Now, let's assume Mex will be hit hard. One of the reason Mexicans try to get into the US is to escape their economy* and hope for a better life. So if Mexico's economy and standards of living increase, illegals crossing the border will decrease. In other words, one of ways to reduce illegals crossing into the US is to help Mexico and its people to prosper. The 20% tax does the opposite. It will lead to more Mexicans entering the US illegally .

[Jayarbie]

This.

Tariffs are trumps most potato policy thus far.

https://www.nytimes.com/2017/01/25/u...=fb-share&_r=0

You haven't seen the basis for his voter fraud investigation yet?

[Jayarbie]

It may hit Mexico hard. It may not. Time will tell.

Now, let's assume Mex will be hit hard. One of the reason Mexicans try to get into the US is to escape their economy* and hope for a better life. So if Mexico's economy and standards of living increase, illegals crossing the border will decrease. In other words, one of ways to reduce illegals crossing into the US is to help Mexico and its people to prosper. The 20% tax does the opposite. It will lead to more Mexicans entering the US illegally .

There are not a lot of Mexicans entering the US right now. Over 75% of the illegals have been in the US for over 10 years. But hey, I guess building a $20b wall now will prevent those people from entering the US years ago, right? LOL.

[Doomster23]

This is one of the most alpha political power plays I've ever seen.

EDIT: And lol at everyone scared of China. They're posturing because the elites over there know that even a month without the USA will result in an economic meltdown and probably an uprising. If Russia and the USA are allies then China will be ****ting their pants every day for the next eight years.

[BigRangs]

Depends on the state. here in new mexico most of our fruit comes from Mexico.

fruits like avocado and bananas spoil too fast to come from California....and they are dirt cheap almost year round.

I don't know how you figure this, as the bananas I buy here is socal come from Central America (might even be South America).

[3R0K5]

This will not end well. Mexicans are not going to bend over as easy as many people believe in here. They have a well diverse economy and they rather starve to death before paying for the wall.

[Metz00]

This will not end well. Mexicans are not going to bend over as easy as many people believe in here. They have a well diverse economy and they rather starve to death before paying for the wall.

If Trump really wanted to get at Mexico, he'd put a special tax on tourism, making Cancun, Playa del Carmen, and Tijuana more expensive to go to.

Mexicans may respond by causing trouble and discrimination Americans in Mexico and even inside the US.

[fishnbrah]

There are not a lot of Mexicans entering the US right now. Over 75% of the illegals have been in the US for over 10 years. But hey, I guess building a $20b wall now will prevent those people from entering the US years ago, right? LOL.

absolutely pissening logic on display here. do you wear a helmet

[jamesbwbevis]

most of our fruits and vegetables come from Mexico out here. i'm not paying 5.99 for one phuckin' organic pomegranate at whole foods out of some perceived protest. I don't give a chit about any of this. Dont see why I have to be punished for it.

lol shopping at whole foods and acting like you cant afford a price increase

[Bassackwards]

fukc-the prices on mexican ponchos and sombreros just went up 3.50..... cinco de mayo is right around the corner too

[jamesbwbevis]

The tariff would need to be something like 300% for it to be cheaper to produce in US, rather than buy from Mexico, but I'm not sure I want to pay $100 for a bag of potatoes

before a bunch of manufacturing etc left the US, were products that super expensive? Were people paying out the a$$ for basic goods that were made in America?

[kusok]

Good Lord, this guy is a savage. He reacts so quickly and brutally. He doesn't bluff.


Calm down ya cucks, if prices on Mexican stuff will go up other countries will jump in with their goods. Mexico isn't the only country that makes avocados and rapists.


Also, I propose invading Mexico. And take their oil. And women. Only the 8/10s and above thou. It's so important. It's like guaranteed, ok? 100%

[Thegainswarden]

W-i-n-n-i-n-g!!!

[KBurn]

before a bunch of manufacturing etc left the US, were products that super expensive? Were people paying out the a$$ for basic goods that were made in America?

Yes, plus all those infrastructure, skills and abilities left all those years ago too. Wages were much lower then too, and people bought less chit.

https://theawl.com/how-much-more-do-...243#.ol6n47bep

Higher wages + new infrastructure + time to acquire skills = possibly $10k for a television set. No thanks fam.

[metco]

https://www.washingtonpost.com/world...a_breakingnews

This will force Mexico into revolution, which might not be such a bad thing. The Mexicans should revoke NAFTA and kick Monsanto out of the country.

[Azrairc]

Also let's remember that trumps tax cuts/deregulation could equalise the blow, if not turn a net positive for exporters even if they retaliate with a 20% tariff

Lower costs of doing business will be passed on to the consumer, obviously it would be optimal if there were no trading fees

[HayZues Christi]

I don't want to pay for a ****ing wall that won't work.


20% tariff will be paid by Americans. Yall are nuts if you think otherwise.

They'll pass that **** right onto the consumer.

[Ramoneb87]

Build the Wall!!!Build the Wall!!!Build the Wall!!!Build the Wall!!!Build the Wall!!!Build the Wall!!!Build the Wall!!!

[Postmort3m]

More American jobs and GDP growth, less cheap low quality Mexican products and nice big wall between me and that lawless cartel infested trash dumpster

sounds good to me

All in.

Round up all illegals, give each one a brick.

On their way out, make them place the brick where instructed.

Wall built, U.S. Soil cleansed all in one operation.

[OPGenesis]

Fukn ded at how fast he responded.

Under budget and ahead of schedule.

Fuggin' lol'd

[Contribution05]

I laugh at all the "winning" responses. The tariffs haven't happened yet in the first place. If they do happen, we will still have to wait and see how it plays out to know if it was the right or wrong move. It's like claiming "winning" in a game that's 0-0 and all that's happened so far is some smack talk at the coin toss.