NLU Posted May 31, 2019 Report Share Posted May 31, 2019 https://www.marketwatch.com/story/stock-futures-tumble-as-trump-slaps-tariffs-against-all-imports-from-mexico-2019-05-30 The United States exports approximately $250 billion worth of goods and services to Mexico. Mexico exports approximately $370 billion worth of goods and services. Some people might believe that a tariff on another country’s exports are paid by that other country. They are WRONG! Tariffs are paid by the purchasers of those imported goods and services by the purchasers of those goods and services in the country that has imposed the tariffs. http://www.spokesman.com/stories/2019/may/30/us-china-trade-dispute-weighing-on-retail-sector/ For those who mistakenly believe this falsehood and can also read, there are many sources that could lead them out of their mistaken position. One such is https://mitpress.mit.edu/books/trade-tariffs-and-growth 1 1 Link to comment Share on other sites More sharing options...
moderator-2 Posted May 31, 2019 Report Share Posted May 31, 2019 We're not going to be discussing this topic here, much too political and incendiary. Closed. 2 1 Link to comment Share on other sites More sharing options...
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