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If they go high, companies are going to move into the united states. it s very simple. it s not really that simple. we trade a lot back and forth with mexico. mexico is america s biggest supplier of ag products, $26 billion in 2018. mexico will not pay these tariffs. american businesses will pay the tariffs and then they can either eat the profit or pass that on to consumers. john corden of texas laid out the cost clearly on the senate floor yesterday. tariffs on the other hand would be a massive tax. the u.s. chamber estimates that texas alone would face $5.35 billion in increased costs as a result of a 5% tariff that could take effect as early as monday. this translates into about a thousand dollars more on a car. if deutsche bank estimates it would be more than like $1,300 per car. then there s this, a study found the 5% tariff would cost the u.s. more than 400,000 jobs. the president is using tariffs ....
U.s. the white house doesn t even specify a threshold. one big question, could this derail the president s trade deal with mexico and canada, the usmca just yesterday, the administration tried to jump start the approval process. the united states trades a lot with mexico. many u.s. countries rely on mexico as a central part of their supply chain. the u.s. imported 346 1/2 billion dollars in goods from mexico last year. mexico is also the united states largest supplier of ag products, 26 billion in 2018. mexico will not pay the tariffs. american consumers will be importing companies, and they could choose to pass on to consumers or eat it. investors reacting to threats. asian markets fell more than 1%. you saw what the u.s. looks like. trump has grown frustrated about the border issue, and an increase in illegal crossings. ....