Taxing Mexican Imports 20% For One Year Would Pay For FOUR Walls

[HAPPY2BME]

We went to the Office of the United States Trade Representative website and this is what we found.

    U.S. goods and services trade with Mexico totaled an estimated $583.6 billion in 2015. Exports were $267.2 billion; imports were $316.4 billion. The U.S. goods and services trade deficit with Mexico was -$49.2 billion in 2015.

    Mexico is currently our 3rd largest goods trading partner with $531 billion in total (two way) goods trade during 2015. Goods exports totaled $236 billion; goods imports totaled $295 billion. The U.S. goods trade deficit with Mexico was $58 billion in 2015.

If we taxed just imported goods, we would be getting 20% of around $295B. If we did this for just one year, we would make a total of $59B, or enough to build almost 4 walls!

http://rightwingnews.com/top-news/math-trumps-20-import-tax-mexican-goods-will-total/

[HAPPY2BME]

Office of the United States Trade Representative Mexican/U.S. Trade Statistics

https://ustr.gov/countries-regions/americas/mexico#

[HAPPY2BME]

How Trump’s plan to pay for Mexico border wall would work

The White House said Congress’ tax overhaul would place a 20 percent tax on imports from any country enjoying a trade surplus with the United States. In other words, countries selling more goods and service to the U.S. than buying from it. The idea is to rebalance the playing field for U.S. companies by discouraging Americans from importing.

WHAT OTHER WAYS COULD TRUMP GET MEXICO TO PAY?

During the campaign, Trump floated a number of possibilities without committing to any in particular.

He proposed changing a rule under the USA Patriot Act to block some of the roughly $25 billion in remittances that Mexicans living in the U.S. send home each year. He said he would refuse to free up the money until Mexico agrees to pay the U.S. between $5 billion and $10 billion.

Opponents of that plan say Mexicans in the U.S. would likely find other ways to send money back. They could take cash with them when traveling, wire money to a non-Mexican bank or use off-the-books transfers that are difficult to police.

Trump also suggested increasing visa fees for Mexicans to raise money, or canceling business and tourist visas issued to Mexicans until their country pays for the wall.

http://www.breitbart.com/news/how-trumps-plan-to-pay-for-mexico-border-wall-would-work/

[HAPPY2BME]

How Trump’s plan to pay for Mexico border wall would work

Trump signed an order Wednesday for work to begin on building a wall along the 2,000-mile (3,200-kilometer) border.

But the US leader has struggled to articulate how the wall will be paid for, though he has suggested recently that the United States would fund it first and Mexico would reimburse the cost later.

During the campaign, Trump threatened to tap into remittances that Mexican migrants send home, which last year amounted to $25 billion.

Trump has also ordered officials to scour US government departments and agencies in search of “direct and indirect” aid or assistance to the Mexican government and report back within 30 days.

Republican leaders announced Thursday they would try to carve out $12-15 billion worth of US taxpayer money for the project.

http://www.breitbart.com/news/how-trumps-plan-to-pay-for-mexico-border-wall-would-work/