'Devastating': Trump Mexico tax plan would hurt Texas, lawmakers say

[Yo_Mama_Been_Loggin]

AUSTIN — Texas lawmakers are warning of the damage President Trump's proposal for a 20% tax on imports from Mexico would do to the Lone Star State.

On Thursday, Trump spokesman Sean Spicer said the president would make Mexico pay for a border wall through the tax. Trump’s aides later walked that back a bit, saying the tax was just an option. But it caused deep alarm among economists, business leaders and some elected officials on both sides of the aisle.

“It’s going to hurt U.S. industrial performance rather than help it,” said Tom Fullerton, an economist at the University of Texas at El Paso. “It’s going to increase unemployment rather than reduce it.”

Fullerton explained that most cross-border trade is between companies that often ship products back and forth multiple times, adding value each step of the way. Imposing a 20% hit on each northward step would cause severe economic dislocation, shuttering businesses on both sides of the border, he said.

https://www.msn.com/en-us/news/politics/devastating-trump-mexico-tax-plan-would-hurt-texas-lawmakers-say/ar-AAmi2G8?li=BBnb7Kz&ocid=edgsp

[livetohike]

1. Trump opens that orifice he calls his mouth and says the most

outrageous statements/lies. He's unstable,erratic and dangerous.

[Angry Dragon]

3. I can never tell which oriface he is talking out of

[randome]

2. The world, but especially the Western hemisphere, is too interconnected.

Unfortunately, the hard-left helped play into the butt-hurt feelings of those who feel that global trade and interconnectivity is always to our disadvantage.

This is the Digital Era and all those manufacturing jobs are never coming back. The TPP was an excellent -not perfect- chance to more closely unite the world.

Trump is doing his best to dismantle everything Putin wants dismantled.
[hr][font color="blue"][center]"There is a crack in everything. That's how the light gets in."
Leonard Cohen, Anthem (1992)[/center][/font][hr]