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Originally Posted by Mr K
You'd swear he's just making this up as he goes along...
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More detail here:
https://www.ft.com/content/424d4246-...5-718f87b2ff80
It's seems to be an option rather than a certainty right now.
Sean Spicer:
Quote:
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When you look at the plan that’s taking shape now, using comprehensive tax reform as a means to tax imports from countries that we have a trade deficit from, like Mexico. If you tax that $50 billion at 20 per cent of imports – which is by the way a practice that 160 other countries do – right now our country’s policy is to tax exports and let imports flow freely in, which is ridiculous. By doing it that we can do $10 billion a year and easily pay for the wall just through that mechanism alone. That’s really going to provide the funding.
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---------- Post added at 21:49 ---------- Previous post was at 21:43 ----------
Quote:
Originally Posted by pip08456
He did say he wanted to bring manufacturing back from Mexico to the US. I suppose this is one way.
Mexico will pay through loss of jobs.
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But Mexico could well retaliate and impose a 20% tariff on American Imports. I just looked it up at Mexico are America's third biggest export market.
https://www.census.gov/foreign-trade...ppartners.html
It would hurt Mexico more obviously but also America. Whose own exports will be harmed as well as the additional tax both nation's citizens would have to pay.