Posted on 01/15/2017 11:16:31 AM PST by ColdOne
MEXICO CITY (Reuters) - Mexico must be ready to respond immediately with its own tax measures if the incoming administration of President-elect Donald Trump imposes a border tax, the economy minister said on Friday, warning such protectionism may trigger a global recession.
Trump, who takes office on Jan. 20, has promised a "major border tax" on companies that shift jobs outside the United States, and such a measure could hobble Mexico's exports to its top trading partner.
"It is clear we need to be prepared to immediately neutralize the impact of such a measure," Economy Minister Ildefonso Guajardo said in an interview on Mexican television.
(Excerpt) Read more at yahoo.com ...
There will be plenty of jobs when the criminal invaders are sent packing and E-Verify is exposed.
Side affect: Increase in American Wages.
“What is dicey is de industrializing the USA and offshoring the best jobs we have and not expecting it will lead to a Marxist Revolution. That is dicey.”
At my kid’s school, they are teaching them to write code.
They are not teaching them how to work at a factory assembling microwave ovens.
Actually Mexican citizens need not risk anything. They can enter legally like anyone else.
Mexico is not our friend. they have fusked us repeatedly over the past couple of decades and they have been responsible for the deaths of more Americans than all acts of terrorism ever committed against us combined. As such, they need to pay for more than a wall. A shooting war with them would resolve past, present and future problems with with them in ways that a trade war never will.
25-50% wire transfer tax and a 30% import tariff would well more than pay for a wall. No reason for a war.
It’s about more than a wall.
I’m aware of that and punishing them through a wire transfer tax and a massive tariff raises a ton of money for the US (roughly $100 billion a year at the #s I suggested at current levels) without costing us anything. That’s a trillion dollars over 10 years.
They already do that. You can check for yourself by visiting a Costco in Mexico. Any product made in the USA costs 30% more than the USA Costco price. It's the same company with the same suppliers, just operating in a different country. You will also notice there are very few "Hecho en China" products sold in Mexico. That is because Mexico puts tariffs on imports, just like every other sane country does.
a wire transfer tax could be undone. a war can not be undone.
I would dearly love for Arizona to have a coastline, not particular which region.
Lets try again. Do you want to continue the U.S. policy of profits regardless of consequences?
$1T Income > -$100b war cost (not to mention you’d have almost zero support even in the US for such a measure while the first two - wire transfer and tariff could be done easily)
Respond with what, exactly? A call for the 15% of their citizens that have illegally invaded the United States to return home?
laughed when I read your comment, thinking - i wonder if Mexico leaders or any others read The Art Of The Deal, since Trump won and they will have to be in talks with him?
“What they going to do, send in Poncho Villa’s grandson?”
I guess we’ll have to break out our turn of the century level actions and take care of that threat. I’ve got a real nice 1898 30-30 lever gun that my wife’s great granddad used to kill someone, so I know it works!
I’ve often wondered just why all of our young lives and our natural resources were wasted on useless wars like Iraq and a few others, when so much more could have been accomplished by cleaning up Mexico.
We manufacture a reason to go invade a country, then do nation building. Why not rebuild Mexico? Make the country a place where people want to live, where they have freedom, security, a good economy, etc.
No problem.
With what!? A nacho nuke? A taco time bomb? A frijole firefight?
I'm not in favor of a border tax, if that is what you are asking. Since the election, the peso has collapsed. So through no policy at all (rhetoric only), Mexican goods are cheaper for us to buy, and our goods are more expensive for them to buy. That is the opposite of what everyone here says they want. Throw up a tax and watch the peso get cheaper still.
The one thing that Trump has said that I agree with is to reform the tax code (cut taxes and allow low tax foreign dollar repatriation) and slash regulation to make it easier and cheaper to manufacture here.
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