Is it possible to raise US. taxes only on Mexican imports?

US-Mexico trade is on the verge of a renovation. US president Donald J. Trump says he wants accelerate talks to renegotiate the North American Free Trade Agreement, a deal he says has been a ‘catastrophe’ for America workers. Trump has floated a 20% import tax on all Mexican products to finance his border wall.

Mexico supplies the US with $570 million of these unfinished parts but that's only 4.7% of what the US imports. Trump has remained adamant about increasing tariffs on Mexico and other countries.

Nearly two-thirds of the beer imported into the U.S. comes from Mexico. Roughly 80% of the tequila exported from Mexico winds up in the U.S. They would all see price increases, alongside Mezcal, Mexican wines, and other alcohol produced south of the border.

America imports more strawberries, avocados, tomatoes, onions, chili peppers, and raspberries from Mexico than it do from any other country. Roughly 60% of all avocados in the U.S. circa 2014 were grown in Mexico.

0
icon