A New Trade Deal with Mexico?

From the outset of Trump’s presidential campaign, he promised to renegotiate our trade
deals.
NAFTA is high on the list because Mexico runs an annual $50 billion trade surplus with the
U.S., which economists claim have cost Americans about 700 thousand jobs.
The “dealmaker in chief,” however, has floated an antagonistic solution to the issue
that could derail the possibility of a deal and punish American businesses, consumers
and job seekers in the wake.
So what happened?
Trump’s proposal was to impose a 20 % tax on Mexican imports, which Mexico would most
likely return in kind.
That’s called a trade war.
It might not matter if the only thing we imported from Mexico was beer, but that is clearly
not the case: Mexico makes supply-chain parts for cars and
heavy machinery that American manufacturers use in the U.S.
Add to that: $74 billion dollars in vehicles
$63 billion dollars in electrical machinery, $49 billion dollars in other machinery,
$14 billion dollars in fuel and $12 billion dollars in medical instruments.
But everyday Americans will unfortunately see the impact at the check-out line.
Mexico is one of the largest exporters of agricultural products to the U.S., sending
$21 billion dollars of fruits, vegetables, beer, and more across the border.
Like your strawberries and tomatoes in February?
Get ready to pay more for them.
Think avocados are already too expensive…Holy Guacaomole!
It’s only going to get worse.

A New Trade Deal with Mexico?

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