.@LindseyGrahamSC tweets about a tax on Mexican goods.
.@LindseyGrahamSC tweets about a tax on Mexican goods.
.@POTUS at ceremonial swearing-in event for Defense Secretary James Mattis. Tune in to Fox News Channel for live coverage.
Is he serious?
I am by no means an economics expert, but it seems to me that an import tax on Mexican goods would mean the US citizens buying the items would pay for the wall? Because the tax wouldn’t be absorbed by the company manufacturing the item, but they would add it onto the cost of the item.
In other words, if my item price is currently $10 and you’re going to charge me $2 to sell to the US, then I’m going to raise my price to $12 so that I still get $10 in my pocket.
Mucho sad???
Maybe mucho borracha muchacha.