Statistics of the Day: Politics-Related
What is being lost in the discussion of the loss of manufacturing jobs to Mexico and our trade deficit with Mexico is that a very large portion of what we are importing from Mexico is made by American corporations:
A very large percentage of the first through third and the sixth categories of goods that we import from Mexico are being manufactured in Mexican plants owned by U.S. corporations.
This movement of U.S. corporations to Mexico is reflected in the investment imbalance between the two nations:
So, the 20% tariff on goods imported into the U.S. from Mexico, which is being floated as a way to force Mexico to pay for the proposed wall along the border, will largely be a tax on goods manufactured by U.S. corporations that will now cost U.S. consumers 20% more if they wish to purchase them.
So, to put this very clearly, the displaced…
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