Donald Trump’s White House just revealed their major plan to corner Mexico and make them pay for the wall!
He will place a 20% tariff on all Mexican imports, announced White House Spokesman Sean Spicer.
“When you look at the plan that’s taking shape now, using comprehensive tax reform as a means to tax imports from countries that we have a trade deficit from, like Mexico,” Spicer told reporters. “If you tax that $50 billion at 20 percent of imports — which is by the way a practice that 160 other countries do — right now our country’s policy is to tax exports and let imports flow freely in, which is ridiculous. By doing it that way, we can do $10 billion a year and easily pay for the wall just through that mechanism alone. That’s really going to provide the funding,” said Spicer.
The administration came up with this plan just hours after the President of Mexico, Enrique Peña Nieto released this video announcing that he was cancelling his meeting to renegotiate NAFTA with President Trump, reports Liberty Writers News.
“This morning we informed the White House that I will not attend the business meeting scheduled for next Tuesday with the @POTUS,” Nieto tweeted.
Trump tweeted earlier Thursday that if Mexico refused to pay for the wall it might be best to cancel their upcoming meeting.
“The U.S. has a $60 billion dollar trade deficit with Mexico. It has been a one-sided deal from the beginning of NAFTA with massive numbers…,” Trump tweeted. “If Mexico is unwilling to pay for the badly needed wall, then it would be better to cancel the upcoming meeting.”
Looks like Mexico will just now realize how big of a mistake they’ve made, since, according to the US State Department, we currently make up around 80% of their exports. You can’t mess with the U.S. without suffering the consequences.
Let’s see what will they do if we put that 20% tariff on.
What do you think about this? Share this on Facebook or Twitter SCROLL DOWN FOR MORE