re: #368 Dr. Matt

I’m not an economist, but a 20% import tax means Americans will pay 20% more for imported goods……right?

Yes, which means Mexico isn’t paying for it. Hypothetically it hurts them in that it reduces sales, but their hurt doesn’t translate into paying for the wall. Also they can and will retaliate on US made goods. It’s a lose lose proposition. There’s a reason tariff wars haven’t been popular for the last half century, everyone (until now) looked at how they worsened and prolonged the Great Depression and realized there was a better way.