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This makes no sense at all. The US imports many more products than food or produce. What about auto parts or appliances?
I was referring to the posts detailing that food costs would go up.
The quality of the product will go down vs. a huge price increase for many products. They will find a cheaper way to manufacture things. That's what happened historically. Of course some items will increase in price, or just be created here in the US.
If we don't buy the Mexico-assembled equipment, do you think that will affect the American companies that provide 40% of the parts for that equipment? You think they'll have to lay off workers? How about the companies that provide services to those American parts companies? Will they have to lay off workers?
Did it occur to anyone that we could always grant an exemption to the tariffs for products that we cannot produce and really need to import? The whole point of the tariff is to drive domestic production but if that is not possible on certain products then we have no need to impose tariffs on those products.
Something else no one has addressed is what happens to all that tariff revenue collected?
Not if you lose your job because you work for a company that supplies parts for the Mexican equipment that we don't import, any more. American companies supply 40% of the parts for Mexican equipment. We also have companies that service those parts companies. So it's a snowball effect.
We have a trade deficit to the tune of $100 billion per year. For every job lost in reduced exports, three jobs will be gained in increased domestic production. Except that supply parts job won't be lost because those parts will be needed for the American equipment making what we used to import.
Food not being critical? No, you don't need beer, but you DO fresh fruit and veggies. You could live on instant mac and cheeze, but it wouldn't be good for you. This applies to a lot of things. You also need to lower the food stamp income level, because a lot who can afford a decent diet can't then.
Sure we need fruit and veggies but we don't necessarily need all the fruit and veggies that come from Mexico. Actually, we export the veggies so we're fine on that front.
There is already a "Wall" law (IIRC a bipartisan, law) passed and initiated in GWB term.
Tests on the completed Wall deemed the Wall a failure, and the remaining work terminated Homeland Security and eventually defunded by GWB/Congress.
This will get you started in your research. www.ipsnews.net/2011/01/billion-dollar-boeing-fence-on-us-mexico-border-canceled/ (note that the article is from 2007)
I did not read all the posts. I lost any respect to Trump the very moment I heard about that wall. WALLS DO NOT WORK. Period. Not a single one ever built, no matter how mighty it was, is or will be, ever worked.
President and businessman that does not understand this is either a dimwit or a charlatan.
Bot have no respect.
Meyerland,before a federal act taxing remittances is enacted, documented transfers subject to taxation will be a rarity.
Exactly how do you think money will be sent to Mexico if not electronic transfers through banks and places like WU? I guarantee you the "fee" charged by coyotes and mules to carry it back will far exceed any transfer tax. The immigrants sending money back home will grumble "ay caramba" and pay the tax because they have no better alternative. They are already paying steep fees to cash their checks and send money.
I did not read all the posts. I lost any respect to Trump the very moment I heard about that wall. WALLS DO NOT WORK. Period. Not a single one ever built, no matter how mighty it was, is or will be, ever worked.
President and businessman that does not understand this is either a dimwit or a charlatan.
Bot have no respect.
Walls DO work. Nearly every wall ever built has worked. That's why those that would be blocked by them howl so loudly when they go up and cheer so loudly when they go down.
It's rather laughable to see how upset people get over "the wall" while simultaneously insisting it won't work.
RRuff, your contention is that when more U.S. dollars must be paid for lesser units of foreign goods, and we must export more units of goods to earn less U.S. dollars, and the purchasing power per U.S. dollar of incomes, (e.g. profits, interest, wages) are decreased, that indicates a robust economy and attracts both more foreign and USA investment?
It's extremely simple. We import more than we export because the US$ value makes domestic production too expensive, and imports cheap. Drop the US$ value and that relationship disappears, domestic investment and production increase, and imports decline.
Your comparison to Haiti is beyond ridiculous.
Of course companies will invest in US production if US costs are competitive again. It's called profit.
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