feral botanist wrote:
Jacoby wrote:
Tariffs are a dirty word for the globalists who run our country but making Mexico pay for the wall that way is very very simple. What did people picture when Trump said he'd make them pay for the wall? Were you expecting a cash payment? The only time that has happened is with Iran and our sailors I think.
Most other production countries have stiff tariffs: Japan, Germany, France.
The problem with tariffs is that many of the people that own companies in the US also own part of companies based in other nations, so if we impose tariffs, wealthy people in the US will be unhappy.
Also with tariffs or charges on wire transfers, the penalty will be on a limited number of individuals who are Mexican citizens, not Mexico.
It seems like even just the threat has convinced companies to invest in the US rather than Mexico, I think it's pretty simple. You can put a sunset on these taxes for after the money has been collected, we have good credit so I bet this wall can be financed $5-10B not as bad over the course of 10 years.
There is also the belief that the US has already appropriated money for a border wall and doesn't need congress to get started. The US can place a tariff on Mexico and tax remittance payments and cover everything I think.