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

Posted on 1/26/17 at 11:04 pm to
Posted by Loserman
Member since Sep 2007
22027 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.

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