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Started By
Message
Mexico threatens to impose tariffs if US taxes Mexican imports to finance wall
Posted on 3/1/17 at 12:34 pm
Posted on 3/1/17 at 12:34 pm
quote:
Mexico's foreign minister has warned the United States that his country will impose tariffs on US products if President Donald Trump taxes Mexican imports to finance a border wall.
"If Mexico is faced with this as a reality, not a rhetorical threat... the Mexican government will have to respond," Foreign Minister Luis Videgaray told Radio Formula on Friday.
"The answer would not be to impose a general tax on all imports coming from the United States, because that would hurt the Mexican consumer... we would do it selectively."
Videgaray noted that if Trump places tariffs on Mexican goods, it would hit US households that buy all sorts of products from south of the border, including avocados, cars, phones and appliances.
The Mexican top diplomat said his country is open to discussion on "some aspects" of Trump's promise to renegotiate the North American Free Trade Agreement (NAFTA) between Canada, Mexico and the United States, but that his country will not accept imposed tariffs.
LINK
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Posted on 3/1/17 at 12:35 pm to Bench McElroy
quote:
Mexico's foreign minister has warned the United States that his country will impose tariffs on US products if President Donald Trump taxes Mexican imports to finance a border wall.
Lets see how well that works out for them.
Posted on 3/1/17 at 12:35 pm to Bench McElroy
Mercantilism doesn't work
Posted on 3/1/17 at 12:36 pm to Bench McElroy
They don't understand how this shite works. We are America and you are Mexico. Do what the hell we say.
Posted on 3/1/17 at 12:36 pm to Bench McElroy
Wait until he learns about remittance taxes . And watch him ponder a tourism boycott. How do you say " no leverage" in Spanish ?
Posted on 3/1/17 at 12:36 pm to Bench McElroy
quote:
avocados
Oh no!!!!
quote:
phones and appliances
We have other options.
quote:
cars
that's the point...this would help the US auto industry.
Posted on 3/1/17 at 12:38 pm to MrLarson
quote:
They don't understand how this shite works. We are America and you are Mexico. Do what the hell we say.
Mexico would be shooting itself in the foot. However, this is game theory at play. Both the U.S. and Mexico are gonna lose if we impose huge tariffs on one another.
This post was edited on 3/1/17 at 12:39 pm
Posted on 3/1/17 at 12:39 pm to Bench McElroy
Very soon, a lot of people are going to figure out that their best option is to bend the knee. You can work with Trump or you can work for Trump. I would chose the former.
Posted on 3/1/17 at 12:40 pm to Bench McElroy
Dear Mexico,
frick Off. Ten Feet higher.
Signed,
The Deploranation
frick Off. Ten Feet higher.
Signed,
The Deploranation
Posted on 3/1/17 at 12:42 pm to bamarep
Posted on 3/1/17 at 12:46 pm to Bench McElroy
quote:
The Mexican top diplomat said his country is open to discussion on "some aspects" of Trump's promise to renegotiate the North American Free Trade Agreement (NAFTA) between Canada, Mexico and the United States, but that his country will not accept imposed tariffs.
but I distinctly remember being told they bent the knee
Posted on 3/1/17 at 12:48 pm to Bench McElroy
fake news. Mexico already does this.
Posted on 3/1/17 at 12:55 pm to Lsupimp
quote:
How do you say " no leverage" in Spanish ?
sin apalancamiento
Posted on 3/1/17 at 12:57 pm to Bench McElroy
quote:
it would hit US households that buy all sorts of products from south of the border, including avocados, cars, phones and appliances.
Wouldn't all of these US companies be saving tons on corporate taxes under trumps new tax plan? If they don't want to pass the savings onto the consumer that's on them.
For instance Walmart would save billions no? If they eat the "devastating" avocado tax they would still be better off than as things stand now with no tariff and higher corporate taxes.
This post was edited on 3/1/17 at 12:59 pm
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