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Exports to the U.S. make up about 30% of Mexican economy

Posted on 1/26/17 at 9:24 pm
Posted by Dawgfanman
Member since Jun 2015
22426 posts
Posted on 1/26/17 at 9:24 pm
Exports to Mexico makes up about 1.5 percent of the U.S. economy.
Posted by thelawnwranglers
Member since Sep 2007
38791 posts
Posted on 1/26/17 at 9:25 pm to
Does that account for maquilidora activity?
This post was edited on 1/26/17 at 9:26 pm
Posted by DaphneTigah
Flying under the radar.
Member since Dec 2007
4980 posts
Posted on 1/26/17 at 9:26 pm to
And all the payroll dollars paid out to the illegal Mexican labor force working in the US and sending that money back to Mexico make up about another 30%.
This post was edited on 1/26/17 at 9:30 pm
Posted by IT_Dawg
Georgia
Member since Oct 2012
21815 posts
Posted on 1/26/17 at 9:27 pm to
Are you talking about people leaving vs vacationers?
Posted by Robin Masters
Birmingham
Member since Jul 2010
29821 posts
Posted on 1/26/17 at 9:28 pm to
Not including drugs I assume. Prob closer to 95% then
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 1/26/17 at 9:30 pm to
The question is whether a 20% (or possibly less) tariff will be enough to completely discourage trade or just increase prices for the US? Also, will Mexico impose a tariff too? Too many variables at this point.
Posted by scrooster
Resident Ethicist
Member since Jul 2012
37655 posts
Posted on 1/26/17 at 9:35 pm to
quote:

The question is whether a 20% (or possibly less) tariff will be enough to completely discourage trade or just increase prices for the US? Also, will Mexico impose a tariff too? Too many variables at this point.


frick it.

Let's just do it and find out.

frick Mexico.

I guarantee you that 60% or more of their GDP is U.S. funded one way or the other ... exports, drugs, illegals' money sent back via Western Union, tourist dollars, etc.
Posted by ForeLSU
The Corner of Sanity and Madness
Member since Sep 2003
41525 posts
Posted on 1/26/17 at 9:44 pm to
quote:

Exports to Mexico makes up about 1.5 percent of the U.S. economy.


That $235B is just chump change...

quote:

Exports to the U.S. make up about 30% of Mexican economy


What is the gross margin that US companies make with these components/products/etc. that are sources from Mexico?
Posted by Scoop
RIP Scoop
Member since Sep 2005
44583 posts
Posted on 1/26/17 at 9:47 pm to
Leverage.

When you factor in narco money, tourism and money sent back from Illegals in the US, it's probably 70%-80%.
Posted by thelawnwranglers
Member since Sep 2007
38791 posts
Posted on 1/26/17 at 9:47 pm to
What are we exporting to Mexico?

Food?

They wont add 20% to that


20% would be a nice little income stream.
Posted by Dawgfanman
Member since Jun 2015
22426 posts
Posted on 1/26/17 at 9:52 pm to
quote:

quote:
Exports to Mexico makes up about 1.5 percent of the U.S. economy.


That $235B is just chump change...

quote:
Exports to the U.S. make up about 30% of Mexican economy


What is the gross margin that US companies make with these components/products/etc. that are sources from Mexico?


I realize it's more complicated and would hurt, but for them it would devastate. As a compassionate person, I don't want that to happen.
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 1/26/17 at 10:22 pm to
What automobiles are made in Mexico?

Put a 20% tax on them, and they will move production to the states.
Posted by CajunZ81
Mexico City
Member since Jun 2010
1743 posts
Posted on 1/26/17 at 10:25 pm to

quote:

The question is whether a 20% (or possibly less) tariff will be enough to completely discourage trade or just increase prices for the US?


When we got rid of tariffs we undercut the wages of all American workers because companies could produce products in countries with lower labor standard and wages, ship them here and sell them at a profit. This is known as the arbitrage of labor and it was done on purpose to drive down wages for all workers in the US. We need to bring back tariffs because it will encourage to buy American made goods and will ultimately help the American worker.
Posted by Loserman
Member since Sep 2007
21912 posts
Posted on 1/26/17 at 10:32 pm to
quote:

The question is whether a 20% (or possibly less) tariff will be enough to completely discourage trade or just increase prices for the US? Also, will Mexico impose a tariff too? Too many variables at this point.



They already do. Their VAT tax is essentially a tariff as far as our goods to them are concerned.

NAFTA has only been free trade from Mexico to the US and from Canada to the US.

Both Mexico and Canada have a VAT. (Canada calls their something else but it is still a tax)
Posted by 4Ghost
Member since Sep 2016
8519 posts
Posted on 1/26/17 at 10:32 pm to
Dodge trucks
Posted by DownSouthJukin
Coaching Changes Board
Member since Jan 2014
27276 posts
Posted on 1/26/17 at 10:37 pm to
quote:

When we got rid of tariffs we undercut the wages of all American workers because companies could produce products in countries with lower labor standard and wages, ship them here and sell them at a profit. This is known as the arbitrage of labor and it was done on purpose to drive down wages for all workers in the US. We need to bring back tariffs because it will encourage to buy American made goods and will ultimately help the American worker.


Not many people realize this. Add that to what unrestricted immigration did to wages in America, and you'll see who the winners and losers are and know why our middle class has gone the way of the dodo.

Make no mistake about it: the oligarchs want a 2 tier system-them and us. Free trade with a 3rd world country was an attempt to achieve that, and it has worked spectacularly. Now we'll see if we can come back from the brink and restore the American dream.
This post was edited on 1/26/17 at 10:38 pm
Posted by ForeLSU
The Corner of Sanity and Madness
Member since Sep 2003
41525 posts
Posted on 1/26/17 at 10:44 pm to
quote:

They already do. Their VAT tax is essentially a tariff as far as our goods to them are concerned.


That's basically their sales tax mechanism and is applicable for both imports and domestic goods/services, with a few exceptions.
Posted by Loserman
Member since Sep 2007
21912 posts
Posted on 1/26/17 at 11:04 pm to
quote:

That's basically their sales tax mechanism and is applicable for both imports and domestic goods/services, with a few exceptions


Of course it is their national sales tax, but because they lower the tax on their companies their domestic produced goods are cheaper for the same item than if we imported it to them. That is why it functions like a tariff to imports.

Posted by dewster
Chicago
Member since Aug 2006
25365 posts
Posted on 1/26/17 at 11:05 pm to
quote:

Exports to the U.S. make up about 30% of Mexican economy



Does this include only legal goods and services?
Posted by noonan
Nassau Bay, TX
Member since Aug 2005
36903 posts
Posted on 1/26/17 at 11:54 pm to
quote:

The question is whether a 20% (or possibly less) tariff will be enough to completely discourage trade or just increase prices for the US?


They won't raise prices enough for it to really affect anyone in the US. We don't use Mexican products because of their quality. We use them because of their prices. Their prices aren't significantly less than their competitors. Mexican products prices might go up, but they still have to compete.
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