Forum Discussion
Charlie_D_
Jan 10, 2017Explorer
blofgren wrote:John & Angela wrote:
Although every one likes to see jobs come to their country I think the concern is that he is firing off these threats without looking at consequences. Currently five million American jobs are directly attributed to American exports to the very quickly growing Mexican middle class. Starting a tariff war could cost the livelihood of millions of Americans. Countries like Argentina, Brazil and Canada could benefit "bigly" from a trade war between the US and Mexico as that growing middle class is going to buy their products from someone. There are always two sides to a story. I just think negotiation works better in situations like this. Latin America countries are already looking at possible scenarios depending how things go including alternate trade and defense alliances. Sometimes it pays to play nice with neighbours that have options.
Very well said. Looking at the bigger picture.
January thru November 2016 trade deficit with Mexico was 58.8 billion dollars. Nothing yet for December. I agree that negotiations are best but they must be fair to all involved. IMO, that has not always been the case. I believe that all, including us, would suffer from a trade war but Latin America and Mexico are more heavily involved with U.S. trade and would not be able to make up an appreciable amount with others. Remember that other countries with manufacturing in Mexico depend heavily on the American market thus that would also impact them and even more so the Mexican people. Remember as you said. "Best to look at both sides"
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