President Claudia Sheinbaum says Mexico could retaliate with tariffs of its own, after President-elect Donald Trump threatened to impose 25% tariffs on Mexican goods.
If I remember right, it’s a supply chain thing where a ton of stuff gets made in China but is still a US product and sometimes finished here. Think iPhones, for example. Apple is still a US company, it’s not like China can just sell Mexico iPhones direct.
Trump would probably be just as happy to stop exporting goods to Mexico altogether. Even if Mexico finishes his wall for him.
I forgot what it is that we actually export. Tires? Oranges/Almonds? Military hardware?
Superhero movies and soy beans.
A shit ton of electronics, oil, industrial equipment, plastics, and a surprising large amount of agriculture like pork, corn, dairy.
We actually trade a crap ton with Mexico.
I would not have guessed electronics. Usually I think of China, Japan, and South Korea as major suppliers.
If I remember right, it’s a supply chain thing where a ton of stuff gets made in China but is still a US product and sometimes finished here. Think iPhones, for example. Apple is still a US company, it’s not like China can just sell Mexico iPhones direct.
Ps this is also why tariffs are extremely stupid.