Holy Guacamole!: Tax On Mexican Avocados And Other Imports Could Rise 20% For U.S. | The Odyssey Online
Start writing a post
Politics

Holy Guacamole!: Tax On Mexican Avocados And Other Imports Could Rise 20% For U.S.

Does this take avocado toast off the brunch menu?

24
Holy Guacamole!: Tax On Mexican Avocados And Other Imports Could Rise 20% For U.S.
www.lifehack.org

President Trump's first week in office was an elephant short of a circus. Riots in the streets, marches around the globe, new Oval Office curtains...and now, a rumored 20 percent tax on imported goods, beginning with Mexico. President Trump has appeared to embrace a proposal by House Republicans that imposes this tax, using the profits to pay for his border wall, estimated as high as $20 billion. While White House press secretary, Sean Spicer, states the plan is just one of many options, the avocado lovers, and economists, in the States are outraged.

The United States relies on Mexico for "big ticket" imports. Among these items? Alcohol, fresh produce, and car parts. In 2015, the U.S. imported $295 billion worth of products from its southern neighbor.

This plan would sharply increase the price of imported goods, diminishing hope and reducing profits for the companies that produce the same goods. It would not be the Mexican companies that would suffer, but the American retailers who would distribute the products. Worse case scenario, other nations could retaliate and we may end up in the middle of a trade war. This would result in bad news all around. As Carl Weinberg, chief economist for High Frequency Economics, stated in his analysis of the issue, "Trade wars are bad. Tariffs are bad. Nobody wins when trade barriers go up."

For the love of chips and dip, can the American people not catch a break?

Tensions between President Trump and Mexican President Pêna Nieto have been on edge for months. Wednesday's immigration and border decisions from President Trump were the icing on the cake, pushing Mexican leadership to confront President Trump on his favorite battlefield -- Twitter.

President Trump's longtime claims concerning Mexico paying for the border wall have quickly turned into a "no duh" issue. Did he really think they would willingly take money out of their nation's budget to put up a wall? President Pêna Nieto was quick to call the wall a sign of disunity, a symbol that would "further divide" the two countries.

While the concept of the wall may have initially seemed like a far-off idea, President Trump is moving forward. He does not appear to be fazed by criticism, backfires, or a lack of Mexican collaboration. All in all, it appears as though his plan is placed above all other considerations -- including the American people's wallets.

Would you want to deal with angry Americans when taco Tuesday is short on tequila? I wouldn't, and I'm not sure President Trump would either. Perhaps before he taxes all things good, he ought to think about the repercussions. Eat your avocados while you can, we may be entering a dry spell.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Relationships

11 Things Summer Nannies Can Relate To

There are plenty of obstacles that come when taking care of kids, but it's a very rewarding experience.

48
11 Things Summer Nannies Can Relate To

As a college student, being a nanny over the summer is both enjoyable and challenging. Underneath the seemingly perfect trips to the pool or countless hours spent playing Monopoly are the obstacles that only nannies will understand. Trading in your valuable summer vacation in return for three months spent with a few children less than half your age may seem unappealing, but so many moments make it rewarding. For my fellow summer nannies out there, I know you can relate.

Keep Reading...Show less
girl

If it hurts now, it'll hurt again. Not because you're gullible or naive, only because you fall fast, hard, and you do it every time.

We fall each and every time with the complete and utter confidence that someone will be there to catch us. Now that person we SWORE we were never going to fall for has our hearts, and every time we see them our palms start sweating. The butterflies in our stomach start to soar and our hearts are entirely too close to bursting out of our chests.

Keep Reading...Show less
Lifestyle

10 Things Only Equestrians Understand

Yes, it IS a sport. Yes, I fall all the time. No, I do not ride in jeans with a cowgirl hat on.

459
horses
Barn Pros

Growing up I have always wanted to own a horse. My grandparents own a well known equestrian facility in Georgia, so I have been riding since I was born. A bond between a person and their horse is a bond so strong that it cannot be broken. Everywhere I went I wanted to be around horses, even forcing my family to go on trail rides during vacations. Horses have been a part of my life for as long as I can remember has taught me great responsibility, as well as 14 things that all equestrians can relate to.

Keep Reading...Show less
man wearing white top using MacBook
Photo by Tim Gouw on Unsplash

College is super hard. Between working, studying, and having a social life, it feels like a struggle to just keep afloat.

I understand. When you feel like your drowning and there's no way to stay afloat I understand that it feels like everyone else is doing just fine. I understand all the frustration, long nights in the library, and that feeling that you want to just throw in the towel. I understand that sometimes it's too hard to get out of bed because your brain is already filled with too much information to remember. I understand because I am also feeling pretty burnt out.

Keep Reading...Show less
No Matter How Challenging School Gets, You Have To Put Your Health First — A Degree Won't Mean Anything If You're Dead
Photo by JESHOOTS.COM on Unsplash

Some of the best advice I've ever received was from my social studies teacher in sophomore year of high school. He stated, "If you don't know it at midnight, you're not going to know it for the 8 a.m. exam, so get some sleep."

It's such a simple piece of advice, but it holds so much accuracy and it's something that the majority of college students need to hear and listen to. "All-nighters" are a commonality on college campuses in order to cram in studying for an exam that is typically the next day.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments