Trump’s tariffs hurt farmers
In 2018 there was $346 billion in goods imported and $265 billion of goods exported to Mexico. On an average day this is aboutWhile imports and exports are not the only impact on a very complex economy from a border closing, the numbers show that it could be large enough to throw the economy into a recession. However, since the economy is something that Trump is counting on to get him re-elected, shutting down the border would be going against his self-interest.
On a daily basis this is an incremental $1.5 billion in GDP growth, or a bit less than the amount of Goods that the U.S. imports and exports with Mexico every day . Assuming that all trade came to a halt then closing the border could effectively wipe out all of a quarter’s GDP growth, and this is before any other impacts are taken into account.
This would then cause a ripple effect similar to the government shutdown since the stores and restaurants don’t have sales due to unemployed people not visiting. While it could impact the border states the most, it would have an impact across the country.
Source: Financial Digest (financialdigest.net)
Don't worry, already are going to a recession.
FEARMONGERING NONSENSE! You know, or should know, it's quite possible to close the border to all human immigration traffic (of any nature) while allowing easily distinguishable trade to flow uninterruptedly. Ships. Trucks. Easy-peasy! Try & put your big-boy thinking-cap on.
He is closing the Wall because of the upcoming War in Venezuela. A War should be good for the USA economy as it is dependent of blood oil and Weapons
You guys seem to love the word 'recession'...as every single thing tends there
Oh please
larry_kudlow said they would find a way to let freight go through. Blocking only 'regular' people. So no recession.
Forbes what the bible says about mr Trump action To build the wall?
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Source: latimes - 🏆 11. / 82 Read more »
Trump threatens potential 'border closing' next weekPresident Trump renews threat to shut down the US-Mexico border, or parts of the border, if Mexico 'doesn't immediately stop all illegal immigration coming into the' US via the southern border. That would cost the U.S. billions and massively hurt the economy. It’s a prudent strategy, for anyone who cares about cost and criminality of 1.5 million illegals in a year. Some clearly don’t... Also breaking: president trump asks top advisors if we can just ghost Mexico, in hope that they’re totes just go away.
Source: NBCNews - 🏆 10. / 86 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »
Trump, McConnell clash on closing the borderAs President Trump declared at the White House that “the border's going to be closed” if no deal is reached, Senate Majority Leader McConnell declared on Capitol Hill that such a move “would have potentially catastrophic economic impact on our country.” Clash until Trump orders McConnell to sit down and shut up. They should, too many problems. They can import from someone else For show.
Source: NBCNews - 🏆 10. / 86 Read more »
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Trump softens rhetoric on closing border, suggests Mexico is helping to stop illegal crossingsThe White House says closing the border is still an option but suggests it has no timeline despite earlier assertions it could happen this week. Which Mexico?
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Source: CNN - 🏆 4. / 95 Read more »