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Foreign Affairs Taxes

Why Trump’s 20% Tariff on Mexico is a BAD Idea

iPatriot
Written by iPatriot

President Trump said a lot of things over the past couple of years. He made a lot of claims and assertions – some of which he has backed off on recently. For example – it doesn’t appear that we will be seeing Hillary behind bars anytime soon as Trump described during a debate. I also doesn’t appear he has the desire to deport all 11 million (more like north of 20 million, in my opinion) illegal aliens.

While I don’t necessarily agree, I understand why he would just want to move on, rather than rehash old claims. And who knows – maybe he’ll get to them in good time.

But one thing he hasn’t backed off of is his desire to build a wall on the Southern Border and have Mexico pay for it. At the time, no one knew what his method for extracting the estimated $12-$15 billion out of Mexico was going to be. I’m sure some thought that he would insist that Mexico just cut a check or something.

Now we know that President Trump’s plan is to attach a tariff of up to 20% for all goods imported from Mexico to the United States. This, my friends, is some bad juju.

For what is a tariff? Simply put, it is just a tax. And a tax that Mexico will not pay. Sure, if it comes to fruition, the spin will be that Mexico is paying the tariff, but that’s not the way it works. Countries don’t pay taxes or tariffs. Comp…

Read the rest of the story at www.iPatriot.com

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com


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iPatriot

iPatriot

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