TheTwinFather
62340
1137
151
How is Mexico paying for this again?
Jan 27, 2017 12:46 AM
TheTwinFather
62340
1137
151
How is Mexico paying for this again?
Theunimaginativeone
If anything their the winners of this situation as they don't get all of your annoying prep kids going over for a piss up on spring break
gingerminge
Texan here. Really pissed about this shit.
grumblefap
20% Tariff on imports. http://money.cnn.com/2017/01/26/news/economy/trump-mexico-tariff/index.html
grumblefap
There's already something around 100mill set aside for border security... so there's that too.
codyownz
Hmm... It's almost as if Trump is an incompetent moron who has no idea what he's doing. Who would of thought?
AlkeneThiol
Republicans are now saying "this was just a bargaining strategy to get Mexico to the table", but there is no negotiation. Mexico will
AlkeneThiol
2) absolutely retaliate if we initiate a trade war and American consumers will suffer immensely.
DropkickJames
Bluejay0013
I was scrolling down hoping for this gif
lazysombrero
And he'd still boast that Mexico is paying one way or another
vekcal
Trump's response
ThreeDimesDown
I suspect the people that actually support a border wall don't eat avocados, so they'll be fine with this.
Promethianfire
FYI, the current import tax plan was part of John Kerry's 2004 platform.
TraitorousTrump3
That doesn't make it good. May even explain why he lost.
Promethianfire
He lost because he was remarkably dull, and there was a war on. It's tremendously rare a president isn't re-elected in wartime.
RealSimpleMama
Dinosaurs eat man... woman inherits the earth. *shrug*
Batman384
nows a good time to come across this i’m random
Foffer
Denmark here. What the fuck you guys doing ....
TheTomRiddler
Wrong scene for this text.
Cheesecakecrush
Good god people its called a Tariff
Buddy77
Not to mention the corporations and extremely wealthy get the tax cut, so the normal people pay for all of it
Soddo
Someone bet him he cant put him money where his mouth is, his ego wont let him down
AlkeneThiol
Oh under Trump's plan anyone making around the median income will get a 1% tax break. We will be so rich then! /s
IAlwaysUpvoteSunsets
If Trump's supposedly such a billionaire AND so sure Mexico will wind up paying for it, then HE should front the cash for the fucking wall.
DatMormon
Trump's ENTIRE networth is barely enough to cover the estimated cost of the wall. He's really not worth that much.
IAlwaysUpvoteSunsets
I know. (I'm not even sure he's worth that much.) I was trying to be snide with the "supposedly" there. :)
wadatahmydamie
That's one possible reason he's hiding his taxes. The other being Russian ties
Rogahar
IIRC, he would have more actual money than he does right now if he'd just left the million his daddy gave him alone in savings, right?
Daddyslittleupvotewhore
Yes but only if he had no living expenses whatsoever.
biolologist
He's not even a billionaire...
leavinit
I don't know why people think he's a billionaire either. Not shitting you. His money is tied up in bad debt. That's not money.
prjktdc
I believe the idea of it is that it will hurt Mexico's revenue due to their exports costing more in America. But we pay for it and they're
prjktdc
Still debating whether it has to pass through congress first (the tariff/tax) or if he can executive order it in. Whatever
gtmiller
It hurts the US more. Mexico is looking to expand trade with China.
neej
Let me explain: when there is a 20% tax on goods imported from Mexico, the cost between American and Mexican goods becomes similar and more
neej
2)people buy goods produced in America. Although the consumer is paying more for these products, more money is flowing to American business
neej
4) from Mexico and brings it to the US.
neej
3) This additional money then goes to the employees of these businesses, as well as corporate taxes. Essentially this takes tax revenue away
JonniUtah
CardGrinder
Isn't that what the right says about higher corporate taxes. Sounds like both sides use this when it's convenient.
notme222
I'm not sure your "sides" dichotomy applies when Trump and Sanders BOTH wanted tariffs. And we Libertarians are pretty consistent on both.
WhitePhoenix
I find it funny that the left only cares about fiscal responsibility when it's used to make something that they don't like.
gfrogisme
I think it's more about him falsely claiming this amounts to "Mexico pays for the wall."
TraitorousTrump3
Just a reminder that 'tax and spend' is more fiscally conservative than 'just spend'.
DrumBruno
But, the wall isn't needed...
snewsh
it really is.
algoritham
Why?
ByThePowerofCommonSense
Because trump says it is needed
algoritham
Oh yeah, Kim Jong Trump. He who must not be questioned.
DaMackies
Won't matter to his supporters. They'll be standing in line waiting to pay higher prices while high fiving about how Trump totes delivered.
snewsh
Californian here, im gonna be paying more in taxes anyway, might as well actually get something for my trouble
ByThePowerofCommonSense
An eyesore and higher prices?
happyworm
We already have a fence do we really need a wall? Estimated cost between 20 to 35 billion, lets skip the wall and buy me an island.
xilstudio
Invest in ladders!
stabbedintheface
Or... Mexico sets up a unilateral trade agreement with China and tells the US to get fucked.
Maphod
Tacos for dumplings
AngryGroundhog
There's really not a scenario where America's place in the world isn't significantly weaker after Trump.
blinblambloo
Mexico was having talks with china
grumio
Two poor countries with export economies will cut out the wealthy nation that imports their goods? Sure.
IAMCRAIG
Considering how much the US relies on cheap labour to produce its products outside of the country, it'll definitely hurt.
Dutch7
this is so correct, my facebook feed is filled with drivel saying china will. i thought we all agreed no one consumes better than the US!
grumio
Glumerlink
i mean what you said is literally what china, russia, india, and a bunch of other countries have been setting up for a while
DevilInTheDetails
The TPP was a raw deal but it would have kept us at the table at least. We're kind of ceding Pacific Power directly to China
Glumerlink
japan's been wanting a nuke for a while, i guess they're going to actually build one now
DevilInTheDetails
Yeah we kind of screwed them over militarily after WWII and now Trump wants to undo the Pivot to the Pacific leaving them in South Sea trubs
CrouchingLegoHiddenToenail
It hurts their feelings
Reallybadpoet
Haaaawwwww....
Imnotu
I disagree, the cost won't be passed because the goods likely won't sell if they do. Mexican companies will take the profit hit.
grumio
Right. It basically puts domestic goods on sale - sucks for things like avocados and could spark a trade war but not as simple as OP thinks.
TraitorousTrump3
Where exactly do you think the $318B in trade we do will come from then? Just magically somewhere else?
grumio
Domestic products become cheaper relative to tariffed imports so when Mexico tariffs our exports in response it will be partially made up.
grumio
Free trade is still best. The rising prices will hurt consumers disproportionately to the gains producers get.
pokemeintheeyewithastick
So you think auto parts made by $58/hr Americans will suddenly be cheaper than parts made at $8/hr in Mexico? Math teacher?
CptNimo
yeah....and then the costs of electronic goods, tequila and beer, avocados and tomatoes, all go up, especially if Mexican producers horde
NopeHunter
At least they're wont be any avocados, they're gross
timberrrrrrr
As a Canadian: Nooooooooooooooooo
FartyMcDumpstein
Don't forget we also export stuff. We're the largest corn producer in the world and export 15% of it. Some farmer is losing their job...
blinblambloo
And Mexico buys tons of corn for tortillas
CptNimo
that's...racist?
blinblambloo
Nope jajajaja real stuff
bigbongrippah808
Corn farmers are heavily subsidized , I'll hardly weep for them
tossabeertoyourwitcher
Horde isn't a verb. TYL: hoard
VoidIncarnate
Horde around me and I'll tell you how it can be a verb. Maybe not the /right/ verb, but still a verb.
tossabeertoyourwitcher
You're just trying to hoard hordes!
TrueNorthernLights
For the Horde!
juddez
Out of curiosity, what do Americans currently pay for avocados ?
Omni21
Almost 2 bucks a piece in Arkansas.
elemenopee88
less than a buck in Texas
juddez
We pay about 50c or less (NZD) a piece
Phixik
Family had an avocado farm in Cali. Then they made it easier to just bring them in from Mexico. We don't have the farm anymore...
vowofloudness
Avocado commodity prices are higher than they've ever been. So why did your farm fail? http://imgur.com/rtmn2Zc
vowofloudness
Also note that average dollars per acre in California are high, and affected more by drought than anything else.
vowofloudness
Source: http://www.californiaavocadogrowers.com/industry/industry-statistical-data
Phixik
Mexico was able to get them in cheaper and killed our earnings. This was not a recent thing.
blinblambloo
Well avocado was mexican originally
vowofloudness
Earnings per acre on California avocados have been going up since at least the 70s. How long ago did this happen?
funnystoryaboutthat
That's capitalism my friend. Win big, lose big. Sucks, I know.
Phixik
people want to complain; our country helped another country take us out. Maybe we'll start growing again.
xzhous
Be careful man. People got used to lower prices. When the price spikes, demand will go down. Smaller farms are less able to ride out losses
funnystoryaboutthat
To be fair though, the Mexican avocado industry had the comparative advantage so it was inevitable. It's all a cycle.
FartyMcDumpstein
"helped another country" how? People have this strange view on global trade, where just glancing at another country means they are "winning"
Phixik
We could survive, then they opened the flood gates and wiped local business.
rshackleford
We got cheap goods. A few people lost out big, but everyone else gained. The issue is the gov't not helping out the few who lost
Alamyst2011
They can't horde. They have to make a profit. That is why they will accept a tariff, lower their prices and take a profit decline.
IForgotMyOldAccountsPassword
Boii Mexico is trying to stop all trade with the USA and sell to other countries ...
TheOncomingStorm529
They won't accept a tariff. And if they do those costs will just get passed along to the customer.
CptNimo
dude, what do you think they've been doing with avocados already? They absolutely can horde products. What, do you think they're scared?
tossabeertoyourwitcher
No one can horde anything, it's a noun. People hoard avocados. There's a horde of people hungry for black market Mexican avocados.
TheOncomingStorm529
Most Avocados come from California.
SkytechCEO
California Is experiencing an avocado Shortage. Or it was anyways, I dont keep up with Cali problems much since I moved.