Trump proposes 20% on Mexican imports to pay for wall. Utter madness.

Discussion in 'Politics, Religion, Social Issues' started by vrDrew, Jan 26, 2017.

  1. vrDrew macrumors 65816

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    #1
    Donald Trump today proposed a 20% tariff on goods imported from Mexico, saying that the revenue raised would effectively pay for the wall he proposes building along our southern border.

    It's quite apparent that Trump, and the people he has advising him, have little comprehension of how trade, tariffs, and international economics actually work.

    To begin with, there is every likelihood Mexico would go to the WTO (World Trade Organization) and lodge a complaint under its clause outlawing punitive tariffs. Never mind about NAFTA, Trump's tax would contravene WTO rules.

    Secondly, import tariffs are by nature levied upon the importer of goods. Not the exporter. For the very simple reason that it is much easier to collect money from someone in the United States. So inevitably the tariffs would be paid by US companies and individuals, and the associated costs passed on to their customers.

    The cost of Trump's wall will not be paid by wicked Mexicans, but by US consumers and businesses.

    Then there is the very strong possibility that Mexico may respond in kind by raising its own import tariffs on US imports. And here is the thing to remember: The entirety of Mexico's (and Canada's) trade surplus with the United States is due to oil and gas imports. Take Mexican gas and oil imports to the US out of the equation, and the US actually enjoys a current account trade surplus with Mexico. We sell them more agricultural products, machinery, farm equipment, fertilizers, etc. than we import Mexican car parts and avocados.

    If Mexico raised its tariffs in response to Trump's idiocy, then it will result in the loss of tens of thousands of US jobs in companies that export.

    This is merely the first salvo in Trump's war on our economy. Make no mistake, if he is allowed to proceed, he will plunge the entire planet into economic catastrophe that will make the 2008 crash look like a tiny bump in the road.
     
  2. Eraserhead macrumors G4

    Eraserhead

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    #2
    And then conservatism will be flushed down the toilet.

    Which is actually a shame, because we could probably do with simpler taxes and balanced budgets.
     
  3. noekozz macrumors 6502a

    noekozz

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    The sad thing is many of his supporters that got him into office to begin with aren't college educated. Upset that illegal immigrants are taking over their crappy Walmart jobs. Don't expect them to understand this let alone the concept of trickle down economics.

    The funding for that wall will be paid by all of us, one way or the other, an no that's not an "alternative fact".
     
  4. jkcerda Suspended

    jkcerda

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    #4
    so will you guys eat crow if Mexico helps out paying for the wall? :D
     
  5. aaronvan Suspended

    aaronvan

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    #5
    I want to see triple strand concertina wire atop the mighty wall. Miles and miles of shiny new triple strand concertina.
     
  6. oneMadRssn macrumors 68040

    oneMadRssn

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    #6
    Is that what we've come to? Begging Mexico for charity?
     
  7. steve knight macrumors 68020

    steve knight

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    #7
    will you eat iguana if it does not happen?
     
  8. Septembersrain Contributor

    Septembersrain

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    #8
    Why don't they want to help us? Do they like all their citizens leaving? Do they like being a path traveled by other countries? Why don't they care?

    Is it because they are happy their more troubling citizens leave? Are they glad that they'll have a lower population of the less wealthy?

    What is it?
     
  9. jkcerda Suspended

    jkcerda

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    #9
    SURE, just cook it right :D
    --- Post Merged, Jan 26, 2017 ---
    I LOVE it for many reason, the Mexican GOVT needs to be flushed down the toilet so for NOW I love trump :D
     
  10. aaronvan Suspended

    aaronvan

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    #11
  11. vrDrew thread starter macrumors 65816

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    #12
    The reality is that net migration from Mexico to the US is actually negative now. More Mexican-born US residents are returning to Mexico than enter the US to live.

    Secondly: Why the hell should Mexico want to help Donald Trump, a man who has insulted their country and their people? Mexico certainly doesn't get anything out of the wall.

    But hey, keep on living in your alternate fact universe.
     
  12. Populism macrumors regular

    Populism

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    #13
    I've said it one hundred times and I will say it one hundred more.

    Trump isn't smart enough to get himself elected.

    But he didn't have to be.

    Liberals/Progressives/Democrats got him elected.

    Talk about his idiot supporters, scream about non-cisgender bathrooms, and call critics of the Unaffordable Care Act racist bigots, and you've bought not four but eight years of the idiot known as Donald Trump.
     
  13. Septembersrain Contributor

    Septembersrain

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    #14
    It gets nothing out of the wall? So keeping their own criminals in so they can be prosecuted isn't even considered?

    So him saying that there are rapists and criminals there was wrong? It's not like that country is perfect and peaceful. Have you ever been there? Do you live near there?

    If the answers are no, research.

    https://www.numbeo.com/crime/in/Mexico-City
     
  14. Zombie Acorn macrumors 65816

    Zombie Acorn

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    #15
    Not only WILL the wall be built, Mexico is going to pay for it.
     
  15. ibookg409 Suspended

    ibookg409

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    #16
    I like the idea of putting a heavy surcharge on all wire transfers from the United States into Mexico to pay for the wall. Then the US can get a portion of that untaxed income being earned here and sent back to Mexico. In that way Mexico will truly be paying for the wall.
     
  16. Zombie Acorn macrumors 65816

    Zombie Acorn

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    #17
    Better yet, deport the illegals who are sending the money out and take the money we save from ER bills to pay for it.
     
  17. MadeTheSwitch macrumors 6502a

    MadeTheSwitch

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    #18
    A Canada wall will be built next and you will pay for it. :D
     
  18. ibookg409 Suspended

    ibookg409

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    #19
    Do both.
     
  19. Septembersrain Contributor

    Septembersrain

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    #20
    Okay. Why not? May as well just build walls all over the place. I'd rather our criminals not run to Canada. That would be unfair to Canadians to have people who commit crimes go to another country to destroy more.
     
  20. Zombie Acorn macrumors 65816

    Zombie Acorn

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    #21
    Ill man the wall and kick the liberals trying to escape back into their worst nightmare.
     
  21. jkcerda Suspended

    jkcerda

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    #22
    YOU don't pay taxes?
     
  22. Foggydog, Jan 26, 2017
    Last edited: Jan 26, 2017

    Foggydog macrumors 6502

    Foggydog

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    #23
    If it really is built, I want to see fazers. Big frickin FAZERS that are accurate to within .005 inches.
    As in hey Scotty, set your frickin fazer for heavy stun. We don't want to kill them, at least not yet.
     
  23. MadeTheSwitch macrumors 6502a

    MadeTheSwitch

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    #24
    Well that's two votes for America being considered one big prison. Nice. Anymore out there?
     
  24. Septembersrain Contributor

    Septembersrain

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    #25
    Well I live here. I don't go around preaching about other countries. If you don't live here, it's easier to talk badly about it isn't it?
     

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