CNN Reporting 20% Tax On Mexican Imports To Pay For Wall. LET THE TRADE WAR BEGIN!

[herding cats]

51. Oh, they'd suffer from this, too.

Not just the increased prices in food and goods they purchase, but in lost income due to layoffs.

If Trump were to do this, Mexico would tax their imports from the US as well, or they'd simply purchase more from China and Japan.

Exports

Mexico was the United States' 2nd largest goods export market in 2015.

U.S. goods exports to Mexico in 2015 were $236 billion, down 1.6% ($3.9 billion) from 2014 but up 97% from 2005. U.S. exports to Mexico are up 468% from 1993 (pre-NAFTA). U.S. exports to Mexico account for 15.7% of overall U.S. exports in 2015.

The top export categories (2-digit HS) in 2015 were: machinery ($42 billion), electrical machinery ($41 billion), vehicles ($22 billion), mineral fuels ($19 billion), and plastics ($17 billion).

U.S. exports of agricultural products to Mexico totaled $18 billion in 2015, our 3th largest agricultural export market. Leading categories include: corn ($2.3 billion), soybeans ($1.4 billion), dairy products ($1.3 billion), pork & pork products ($1.3 billion), and beef & beef products ($1.1 billion).

U.S. exports of services to Mexico were an estimated $30.8 billion in 2015, 2.7% ($807 million) more than 2014, and 36.7% greater than 2005 levels. It was up roughly 196% from 1993 (pre-NAFTA). Based on 2014, leading services exports from the U.S. to Mexico were in the travel, transportation, and intellectual property (computer software) sectors.
https://ustr.gov/countries-regions/americas/mexico

Top 10 Mexican Imports from the US

America's exports to Mexico amounted to
$187.3 billion or 47.4% of its overall imports.

1. Machinery: $26.9 billion
2. Electronic equipment: $23.6 billion
3. Oil: $22.3 billion
4. Vehicles: $19.8 billion
5. Plastics: $15.4 billion
6. Medical, technical equipment: $5.5 billion
7. Iron or steel products: $4.9 billion
8. Organic chemicals: $4.9 billion
9. Iron and steel: $4.2 billion
10. Paper: $4.1 billion

http://www.worldsrichestcountries.com/top-mexico-imports.html