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Donald Trump To Implement Import Tax To Pay For Mexico Border Wall

Donald Trump has figured out a way to pay for the Mexico border wall, however it’s still going to cost us.

 

On Thursday, the White House announced that Trump has endorsed a 20% tax on all imports from Mexico into the United States.  According to Press Secretary Sean Spicer, the 20% tax on Mexican imports would raise $10 billion a year and would “easily pay for the wall” that is estimated to cost anywhere between $8 – $20 billion.

 

To put things into perspective, in 2015, the value of Mexican imported goods was $296 billion. Currently, Mexico and the United States exchange about $1.6 billion a day in cross-border trade. Mexico is the United States’ third largest trading partner.

 

Here’s the thing:  Implementing a 20% tax on imported goods could likely result in the price of those goods being increased by 20%, maybe more. Unfortunately for us, that means we will be paying more money for the things we use daily. Consumers in the United States will end up paying for the wall, directly or indirectly.

 

Earlier today, Mexico’s President Enrique Pena Nieto cancelled his upcoming meeting with Trump at the White House.

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3 comments

  1. How is this happening?? President Trump and his voters should come up with a better plan. The been President for 7days and the country is uneasy, mean, hateful and other countries are laughin at the MIGHTY UNITED STATES as we are so divided that anybody can come and do what they want. I should feel happy bout having a new President and moving on with the new First family cause i know nothing about them. I didnt vote for Trump and i dont like he is a Pu**y grabber with a horrible attitude and awful delivery of everything he say. Im not a sore loser either and Madame Secretary Hilary Clinton didnt win Trump did???

  2. MESSY DEFACTO PRESIDENT IS DOING EVERYTHING SO FAST. THE ANTI-CHRIST HAS NO CRITICAL THINKING SKILLS. YOU CANNOT PICK A FIGHT WITH YOUR NEAREST ALLIE. MEXICO, CANADA AND THE U.S. ARE ALL JOINED AT THE HIP.

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