BREAKING: Mexico answers US tariffs with its own

[sunonmars]

BREAKING: Mexico answers US tariffs with its own on products including pork bellies, grapes, apples and flat steel.

Link to tweet

[octoberlib]

1. I'm surprised they didn't include tequila.

[sunonmars]

2. Don't think its exhaustive list, we'll see more soon.

[dameatball]

4. That would be going too far!!

[shanny]

10. I'm thinking the US doesn't ship a lot of Tequila to Mexico. nt

[OldHippieChick]

13. Would be more like Bourbon going to Mexico and perhaps

some Coors beer.

[Achilleaze]

3. republicans trashing our economy - gas prices way up

what a pack of unpatriotic jackals

[Javaman]

5. Mexico has one card they hare holding...

if Mexico gets really pissed off, they will stop buying corn from us.

that would be very bad for us.

[Wounded Bear]

7. I thought they were already backing off on that...

I know that I heard they are at least pricing produce from South America.

The US is going in the shitter, but hey! we're going to stimulate economies around the world!

[Javaman]

9. they buy an enormous amount from us...

they are probably transitioning.

when that door closes, there will be no reopening of it.

[grantcart]

14. They may have already stopped buying

Other countries can use non tariff means like restricting loans on imports.

China can cancel 30% of its US orders through government means and never implement a tariff

[LanternWaste]

16. MX has been transitioning from US corn to South American corn

MX has been transitioning from US corn to South American corn (mainly from Brazil whose advantage is two, rather than one growing season) which grew almost 1000% last year. Though US corn import to MX grew by just over 5% last year, that was due to the continuing drought.

Brazil is gaining by producing cheaper supplies that offset higher freight costs to Mexico. Once Mexican buyers establish new networks, winning back the business will be tough even if trade relations with the U.S improve in the next administration.

[procon]

6. Trump will use revenues from tariffs on Mexican goods to pay for his damn wall.

He's always bragged that he would make Mexico pay for the wall, one way or the other, and that what he's doing. Like everything else he does, Trump is not thinking about the consequences of his decisions and how his petty vendetta against Mexico will really hurt the average American. With all the fresh produce and meat, the beverages, textiles, cars and machinery shipped from Mexico, new tariffs on consumer products will hit the US economy.

[nature-lover]

8. The only consequence that is important is that his ego is satisfied. Nothing else.

[herding cats]

11. Which in effect means US consumers will be paying for the wall via increased prices on imports.

American citizens are still stuck paying for it either way.

[procon]

12. It will take a while for the general public to let that sink in. nt

[grantcart]

15. Actually he can't. Tariff revenue goes into general revenue

Requires legislation which will never happen.