Published: Tue, January 31, 2017
Finance | By Laverne Griffith

Trump's import tax on Mexico could hurt the Texas economy

Trump's import tax on Mexico could hurt the Texas economy

Trump tweeted late Tuesday.

Mexico must negotiate from a position of strength, he said, observing that Trump represents a major change in how politics are conducted.

In fact, the nation's southern border is already well staffed with Border Patrol agents, whose numbers have more than doubled, under Presidents George W. Bush and Barack Obama, since the September 11 attacks.

Donald Trump's proposed tax on Mexican imports is meant to raise money for a border wall but economists believe the impacts will hurt the economy.

Experts have voiced doubts about whether a wall would actually stem illegal immigration, or if it is worth spending billions on a wall when there are cheaper methods, such as electronic surveillance, of achieving similar results.

Trump signed an executive order Wednesday on his central campaign promise that directs federal agencies to begin constructing a wall on the U.S. -Mexico border.

Still, any action from the White House would be piecemeal, diverting only existing funds toward the project.

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Furthermore, much of the land needed to build the wall is privately owned, implying lengthy legal proceedings, political blowback, and substantial expropriation payments.

"I believe there are more effective and efficient ways to secure our borders, such as increasing the use of technology that is now deployed by the Department of Homeland Security, which includes unmanned aerial systems, aerostats, video surveillance systems and ground sensors; along with adding improvements to river access roads and increasing the number of Border Patrol agents on the ground".

Congressman Henry Cuellar on Friday met with Mexican leaders, senators and businessmen in Mexico City to discuss the U.S. -Mexico relations and the importance of trade between the two countries.

The Mexican President reacted, saying, "I've said time and again: Mexico won't pay for any wall".

"There are very clear red lines that must be drawn from the start", Economy Minister Ildefonso Guajardo told the Televisa network in Mexico just ahead of the trip.

"Mexico does not believe in walls". What I'm doing is good for the United States. Assuming that all of those come from Mexico, that's 3.4 billion avocados that come in from Mexico every year.

Mexico is one of America's biggest trade partners, and the U.S.is the No. 1 buyer from that country, accounting for about 80 percent of Mexican exports. While an idea like that would generate revenue for the United States government, it would also lead to higher prices of products shipped into the United States for consumers. Trump has proposed a 20-percent tariff on all Mexican imports, which would cause the prices of avocados, Mexican beer, Toyotas (where a major plant is now located), and more to skyrocket.

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