Kruciff
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Mexico threatens trade war over Trump's Wall Tax
Link
Quote:But Mexico's foreign minister Luis Videgaray said his country would respond to any tax levied by the US and that they did not actually need financial help.
He warned Mexico could impose levies on select goods aimed at US regions most reliant on exports south of the border, such as Iowa, Texas and Wisconsin.
Speaking during a radio interview, Mr Videgaray said: "Without a doubt, we have that possibility and what we cannot do is remain with our arms crossed.
"The Mexican government would have to respond."
Anyone familiar with the supply chain set up from Mexico? Imagine if all of that were shut down. I know for a fact I'd be out of a job, and many other Americans.
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02-25-2017 05:03 PM |
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usmbacker
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RE: Mexico threatens trade war over Trump's Wall Tax
Remember the Alamo
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02-25-2017 05:06 PM |
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Dasville
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RE: Mexico threatens trade war over Trump's Wall Tax
Mexico will build a strong Southern border, and will pay for that one as well. Whether they know it or not.
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02-25-2017 05:10 PM |
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Tom in Lazybrook
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RE: Mexico threatens trade war over Trump's Wall Tax
(02-25-2017 05:10 PM)Dasville Wrote: Mexico will build a strong Southern border, and will pay for that one as well. Whether they know it or not.
LOL. You're really quite funny.
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02-25-2017 05:14 PM |
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Kronke
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RE: Mexico threatens trade war over Trump's Wall Tax
Posturing.
They'll pay for it and they'll like it.
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02-25-2017 05:53 PM |
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Side Show Joe
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RE: Mexico threatens trade war over Trump's Wall Tax
(02-25-2017 05:03 PM)Kruciff Wrote: Link
Quote:But Mexico's foreign minister Luis Videgaray said his country would respond to any tax levied by the US and that they did not actually need financial help.
He warned Mexico could impose levies on select goods aimed at US regions most reliant on exports south of the border, such as Iowa, Texas and Wisconsin.
Speaking during a radio interview, Mr Videgaray said: "Without a doubt, we have that possibility and what we cannot do is remain with our arms crossed.
"The Mexican government would have to respond."
Anyone familiar with the supply chain set up from Mexico? Imagine if all of that were shut down. I know for a fact I'd be out of a job, and many other Americans.
The guy lost all credibility with that statement. Texas is very self sufficient. We even have our own power-grid. And we have plenty of destinations for our exports. On the other hand, the major Mexican city of Monterrey (1.1 million people) depends on natural gas from wells in South Texas. Mr. Videgaray and his government need to consider which nation would suffer more from a trade war.
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02-25-2017 06:52 PM |
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DexterDevil
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RE: Mexico threatens trade war over Trump's Wall Tax
I'd like to see them try.
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02-25-2017 06:55 PM |
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UCGrad1992
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RE: Mexico threatens trade war over Trump's Wall Tax
"Without a doubt, we have that possibility and what we cannot do is remain with our arms crossed. The Mexican government would have to respond."
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02-25-2017 07:04 PM |
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UofMstateU
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RE: Mexico threatens trade war over Trump's Wall Tax
The only people who are scared about a Mexican trade war is Mexico and Americans who need to suck on someone else's teet just to get thru the day.
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02-25-2017 07:13 PM |
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Fo Shizzle
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RE: Mexico threatens trade war over Trump's Wall Tax
"Sound and fury...signifying nothing"
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02-25-2017 07:16 PM |
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Redbanksdog
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RE: Mexico threatens trade war over Trump's Wall Tax
The USA doesn't need Mexico. The OP had a good question, can anyone answer that ?
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02-25-2017 07:22 PM |
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DexterDevil
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RE: Mexico threatens trade war over Trump's Wall Tax
(02-25-2017 07:13 PM)UofMstateU Wrote: The only people who are scared about a Mexican trade war is Mexico and Americans who need to suck on someone else's teet just to get thru the day.
There's quite a few businesses around me that heavily rely on Mexican products for their business, because it's what gives them customers, I'd imagine they are scared of something like this.
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02-25-2017 07:22 PM |
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Kruciff
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RE: Mexico threatens trade war over Trump's Wall Tax
(02-25-2017 07:22 PM)Redbanksdog Wrote: The USA doesn't need Mexico. The OP had a good question, can anyone answer that ?
I'm a product engineer for one of the (several) car manufacturers here in Alabama. All the plants in the region would unequivocally shut down if Mexico barred exports to the US. The plant I work at generates $10k-13k in revenue per minute.
Nissan, Honda, Mercedes, Hyundai, BMW, and others. The supply chain in Mexico is essential.
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02-25-2017 07:28 PM |
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Dasville
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RE: Mexico threatens trade war over Trump's Wall Tax
(02-25-2017 05:03 PM)Kruciff Wrote: Link
Quote:But Mexico's foreign minister Luis Videgaray said his country would respond to any tax levied by the US and that they did not actually need financial help.
He warned Mexico could impose levies on select goods aimed at US regions most reliant on exports south of the border, such as Iowa, Texas and Wisconsin.
Speaking during a radio interview, Mr Videgaray said: "Without a doubt, we have that possibility and what we cannot do is remain with our arms crossed.
"The Mexican government would have to respond."
Anyone familiar with the supply chain set up from Mexico? Imagine if all of that were shut down. I know for a fact I'd be out of a job, and many other Americans.
Talk to your neighbors. The Coalminers were expected to just move along. Don't worry. You will be retrained whether you want to or not. Or.....perhaps a MIDDLEGROUND can be found.
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02-25-2017 07:28 PM |
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Fo Shizzle
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RE: Mexico threatens trade war over Trump's Wall Tax
(02-25-2017 07:28 PM)Kruciff Wrote: (02-25-2017 07:22 PM)Redbanksdog Wrote: The USA doesn't need Mexico. The OP had a good question, can anyone answer that ?
I'm a product engineer for one of the (several) car manufacturers here in Alabama. All the plants in the region would unequivocally shut down if Mexico barred exports to the US. The plant I work at generates $10k-13k in revenue per minute.
Nissan, Honda, Mercedes, Hyundai, BMW, and others. The supply chain in Mexico is essential.
Sounds like the auto industry needs to bring that supply chain closer to its plants.
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02-25-2017 07:30 PM |
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Kruciff
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RE: Mexico threatens trade war over Trump's Wall Tax
(02-25-2017 07:28 PM)Dasville Wrote: (02-25-2017 05:03 PM)Kruciff Wrote: Link
Quote:But Mexico's foreign minister Luis Videgaray said his country would respond to any tax levied by the US and that they did not actually need financial help.
He warned Mexico could impose levies on select goods aimed at US regions most reliant on exports south of the border, such as Iowa, Texas and Wisconsin.
Speaking during a radio interview, Mr Videgaray said: "Without a doubt, we have that possibility and what we cannot do is remain with our arms crossed.
"The Mexican government would have to respond."
Anyone familiar with the supply chain set up from Mexico? Imagine if all of that were shut down. I know for a fact I'd be out of a job, and many other Americans.
Talk to your neighbors. The Coalminers were expected to just move along. Don't worry. You will be retrained whether you want to or not. Or.....perhaps a MIDDLEGROUND can be found.
Do you expect that middleground to be found overnight? How quickly can the industry be replaced in the U.S.? And, more importantly, can it be replaced in time to avert the inevitable recession that comes with U.S. manufacturing coming to a grinding halt?
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02-25-2017 07:30 PM |
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Kruciff
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RE: Mexico threatens trade war over Trump's Wall Tax
(02-25-2017 07:30 PM)Fo Shizzle Wrote: (02-25-2017 07:28 PM)Kruciff Wrote: (02-25-2017 07:22 PM)Redbanksdog Wrote: The USA doesn't need Mexico. The OP had a good question, can anyone answer that ?
I'm a product engineer for one of the (several) car manufacturers here in Alabama. All the plants in the region would unequivocally shut down if Mexico barred exports to the US. The plant I work at generates $10k-13k in revenue per minute.
Nissan, Honda, Mercedes, Hyundai, BMW, and others. The supply chain in Mexico is essential.
Sounds like the auto industry needs to bring that supply chain closer to its plants.
If it weren't for the cheap labor in Mexico creating parts, the plants in the U.S. assembling the cars wouldn't exist. NAFTA allows for this loophole. Whole commodities assembled in the U.S. are taxed once rather than by a part by part basis. It's the reason these carries are made in America rather than the EU or Japan.
(This post was last modified: 02-25-2017 07:33 PM by Kruciff.)
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02-25-2017 07:32 PM |
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Side Show Joe
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RE: Mexico threatens trade war over Trump's Wall Tax
Just for comparison, Texas has a larger economy then Mexico. Mexico is ranked 15th. If Texas was an independent country, we would be ranked 10th. A trade war might cause some issues in the US economy, but it would cause economic collapse and civil unrest throughout Mexico. If there is to be a trade war, the wall better be finished before it starts.
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02-25-2017 07:34 PM |
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Fo Shizzle
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RE: Mexico threatens trade war over Trump's Wall Tax
(02-25-2017 07:32 PM)Kruciff Wrote: (02-25-2017 07:30 PM)Fo Shizzle Wrote: (02-25-2017 07:28 PM)Kruciff Wrote: (02-25-2017 07:22 PM)Redbanksdog Wrote: The USA doesn't need Mexico. The OP had a good question, can anyone answer that ?
I'm a product engineer for one of the (several) car manufacturers here in Alabama. All the plants in the region would unequivocally shut down if Mexico barred exports to the US. The plant I work at generates $10k-13k in revenue per minute.
Nissan, Honda, Mercedes, Hyundai, BMW, and others. The supply chain in Mexico is essential.
Sounds like the auto industry needs to bring that supply chain closer to its plants.
If it weren't for the cheap labor in Mexico creating parts, the plants in the U.S. assembling the cars wouldn't exist. NAFTA allows for this loophole. Whole commodities assembled in the U.S. are taxed once rather than by a part by part basis. It's the reason these carries are made in America rather than the EU or Japan.
If the automobile manufacturers were not strapped with $70 per hour in worker and retiree benefits....
(This post was last modified: 02-25-2017 07:39 PM by Fo Shizzle.)
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02-25-2017 07:38 PM |
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Dasville
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RE: Mexico threatens trade war over Trump's Wall Tax
(02-25-2017 07:32 PM)Kruciff Wrote: (02-25-2017 07:30 PM)Fo Shizzle Wrote: (02-25-2017 07:28 PM)Kruciff Wrote: (02-25-2017 07:22 PM)Redbanksdog Wrote: The USA doesn't need Mexico. The OP had a good question, can anyone answer that ?
I'm a product engineer for one of the (several) car manufacturers here in Alabama. All the plants in the region would unequivocally shut down if Mexico barred exports to the US. The plant I work at generates $10k-13k in revenue per minute.
Nissan, Honda, Mercedes, Hyundai, BMW, and others. The supply chain in Mexico is essential.
Sounds like the auto industry needs to bring that supply chain closer to its plants.
If it weren't for the cheap labor in Mexico creating parts, the plants in the U.S. assembling the cars wouldn't exist. NAFTA allows for this loophole. Whole commodities assembled in the U.S. are taxed once rather than by a part by part basis. It's the reason these carries are made in America rather than the EU or Japan.
So we are suppressing the Mexican worker and economy? No wonder so many want to cross the border. With the trade deals they have arranged, they should have a world class economy. Why not lift up Mexico and their tremendous people?
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02-25-2017 07:40 PM |
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