I love it.
This is going to totally slow down the habit where US manufacturers continue to close factories here and send the plants and the jobs to Mexico. You want to avoid the 20 percent tax, keep your plants here.
Almost every country out there including China Japan and Mexico impose import taxes of one form or the other. Mexico has been getting away with murder.
If you are going to expand, you will do in north of the Rio Grande.
The Peso is falling. There will be no investment. Mexico will soon be receiving thousands of criminals and others. They will be returning to a depressed economy. Remittances from the US are going to be dropping dramatically. There will be no more safety valve to unload criminals and excess labor. The president of Mexico will be going to Washington, hat in hand, soon or he will be facing a revolution.
>>Mexico has been getting away with murder.<<
If Mexico “has been getting away with murder,” then, yes, let’s re-negotiate NAFTA so that we are gaining as much as they are in any trade deal.
The important point to remember is that in a fair trade deal both sides gain. International trade is not a zero-sum game where one side loses and the other side gains. Both sides gain as each provides the goods and services it’s best at providing. Fair trade is win-win.
People, hopefully not including President Trump though, are losing sight of that fact, and it is a fact, not an opinion. Granted, one can be taken for a ride in any deal, but properly structured international trade is a benefit to all, just as cross-border trade between our 50 states benefits all of us.
+1