Mexico and Canada are under their own trade agreement with U.S. But, is Mexico really paying 25% tariffs on exports? What products/companies have claimed no harm from the tariffs, if any? What are the overall statements in the public talking about the U.S?
Edit: I didn’t expect immediate interaction, and I acknowledge my questions are too general while I am highly interested in Mexico’s behavior. Trump’s claim: “They’ve been doing it to us, now it’s time we do it to them”. That’s a universal claim that the world has been taking advantage of U.S., including Mexico and Canada. I get tariffs are government imposed charges that funnel to its consumers, but if this is a way to get “back” at the world, how is Mexico going to be affected? I understand Mexico’s president has already claimed there will be hard progress to expand fabrications in-land and depend on other sources of imports away from U.S. I see it’s a waiting game from here on out, but what IS the rationale amongst Mexican citizens? What are the goals for someone in a lowly ranch in Zacatecas compared to a person in a metropolitan area?
Comments
That trump is nuts as we reach for some 🍿
Hey the paying of tariffs is actually offset to consumers of the imported products (in the US), not to Mexico directly, so there’s that
But yeah, the news is circulating as people try to figure out what is or isn’t exempt since we have the TMEC/USMCA and that means we didn’t get slapped with yesterday’s overall tariff taxes but the tariffs on autoparts sent from Mexico to the US or cars assembled in factories in Mexican to sell to US buyers (and there are maaaaany) do apply and will make cars more expensive on that side of the border
One of my favorite things about all of this tariff shit is that the Axis of Cocksuckers (Milei, Bukele, and Netanyahu) all got hit with tariffs too, so they got on their knees for Uncle Sam, but got nothing in return for it, while the people that have insulted the admin like Petro, or threatened retaliation like Sheinbaum didn’t get it any worse.
Can’t wait to read how this is actually 5D Chess on the Axis’ part from LLA trolls.
The importers pay the tariff
How many times this tariffs shit has been addressed and there ‘s still people that thinks the exporting country is the one paying?
You guys are really a lost cause.
Tariffs are paid by US companies, not Mexican ones. So, the direct impact is on US consumers. What is being analyzed on the news (at least the ones I hear on the radio) is how the government will try to curb unemployment once the quantity of products bought by US consumers decreases. That is: tariffs result in more expensive products for Americans, then less people will be able/willing to buy them if they can, then production will have to go down (in Mexican factories) to pare losses, which in turn will lead to lay offs (again, in Mexico), which can potentially turn into illegal migration to the US. So, mostly, the conversation is turning around to talk about how to strengthen the internal market to avoid unemployment. And that’s it. Trump is like any other American president: always looking down on us, exploiting us in favor of American interests, and pushing one-sided narratives to avoid taking responsibility for their country’s problems. Nothing really changes that much in Latin America with respect to our relationship with the US.
25% tariffs only on products that are not part of the NAFTA agreement or whatever is called now, and the vast majority of our exports and imports to the USA are part of that agreement.
Going to go buy as much Mezcal and Argentine wine as I can before shit really hits the fan
This will affect our economy no doubt, as the US is our largest trading partner, but I don’t know why, I’m not as worried as before. Could it be that I feel like he won’t go through with this? Or that Sheinbaum, as useless as she is domestically, has proven to be a pretty decent diplomat? There’s a sliver of hope for me that this will be a wake-up call for the country, and that we need to diversify our trading partners now.
I don’t think Mexico got any tariffs (except for the universal ones)
Trump did impose 25% tariff on all products from Mexico but then he suspended it and now honestly idk what happened to that
Same for Canada
The importer pays the tariff meaning a US company importing from Mexico has to pay the 25%, which is typically passed to the American consumer.
It’s for that reason countries are freaking. A higher cost for the importer typically leads to reduced exports for, in this case, Mexico. Mexico does not pay the tariff
I know what you’re 🤔
Q: “Well, golly, Trump makes it sound like Mexico or whatever country pays. He says america will ‘get rich’. Why would he say that?”
A: when it comes to Donald j Trump, it’s likely some mixture of several of his core traits:
He’s demonstrated, since at least the 1980s, that he’s extremely dishonest, but he’s also shown that he is an absolute imbecile who cannot differentiate between fantasy and realty.
That makes it hard to tell the difference between delusion, deceit, and dumbass.
We can’t tell either
Trump wasn’t happy China moved it’s businesses to Mexico, Vietnam and Burma to escape the first round of tariffs