That means the American consumer will pay for the border wall by paying 20% more for Mexican goods.
It will not be 20% on top of current retail prices on goods from Mexico. The 20% will be roughly on about 1/2 of retail prices, or manufacturing cost plus transportation. So there will be 10% and less at retail and some of that will be absorbed at various points from the importer, through wholesale and finally at the retail level.
In some competitive situations, the consumer would see little or no price increase at retail.
Simplistic beyond belief.
Those goods can be made in America and the manufacturer will reap a huge windfall. Greed is good. Next thing you know another supplier will start up until all the supply originates in America and we have jobs again. Prices will be set by domestic competition and not though global labor arbitrage. win - win -win.
But globalist bullies do want that. Thank God for President Trump.
That means the American consumer will pay for the border wall by paying 20% more for Mexican goods.
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Then don’t buy so many Mexican goods.