January 27, 2017
Trump’s 20% Tax Idea Hits A Wall
Just when we thought US-Mexico relations couldn’t get more tense, the White House said President Donald Trump was considering a 20% tax on imports from Mexico to pay for the proposed southern border wall. Little did Trump know that the idea would incite outrage from both Democrats and Republicans, who are growing increasingly worried that closing off the border with one of the United States’ largest trading partners will only raise America’s debt. To quote the eloquent GOP Senator Lindsey Graham’s tweet, “Border security yes, tariffs no. Mexico is 3rd largest trading partner. Any tariff we can levy they can levy. Huge barrier to econ growth. Simply put, any policy proposal which drives up costs of Corona, tequila, or margaritas is a big-time bad idea. Mucho Sad.”
And while the tariff idea annoyed Americans on both sides, Mexico is growing increasingly impatient with their new neighbors in the White House. After hearing about Trump’s executive order kicking off the process of building a wall along the US-Mexico border, Mexican President Enrique Peña Nieto canceled his planned meeting with Trump. Mucho sad, indeed.
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