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.
10 things that happen the second Thanksgiving is over
reference.com

To those who celebrate, you just spent an entire day cooking an elaborate meal with all of your favorite foods. You probably ate your body weight in pumpkin pie and mashed potatoes. What happens now? Oh yea, Christmas. It’s time to take out all of the decorations and Christmas themed things that have been sitting in the attic since last year; it’s time to make a reappearance. So, here are 10 things that happen the second Thanksgiving is over.

Keep Reading...Show less
Adulting

18 Things I Want To Do Now That I'm 18

I'm technically an adult, so I'm legally required to live a little, right?

2852
Happy Birthday Cake

For the entirety of my high school career, I was always seen as the goody-two-shoes. I never got in trouble with a teacher, I kept stellar grades, and when I wasn't doing extracurricular activities, I was at home studying. Even when I did go out, it was usually with a bunch of fellow band geeks. The night would end before 11:00 PM and the only controversial activity would be a fight based on who unfairly won a round of Apples-to-Apples when someone else clearly had a better card (I promise I'm not still holding a grudge).

Now that I'm officially an adult, I want to pursue some new things. I want to experience life in a way that I never allowed myself to do prior to entering college. These are the years that I'm supposed to embark on a journey of self-discovery, so what better way to do that than to create a bucket list?

Keep Reading...Show less
Featured

10 Life Lessons from Christmas Classics

The holiday classics that shaped my life

1706
10 Life Lessons from Christmas Classics
Flickr

The holiday season is full of stress, debt, and forced conversation. While we rush through the month of December, it's important to take a step back and enjoy the moments before they're gone. Most families love to watch Christmas movies, but these beloved films provide more than entertainment. Here are 10 life lessons that I've learned from the holiday classics we watch every year.

Keep Reading...Show less
Featured

15 Mind-Bending Riddles

Hopefully they will make you laugh.

200961
 Ilistrated image of the planet and images of questions
StableDiffusion

I've been super busy lately with school work, studying, etc. Besides the fact that I do nothing but AP chemistry and AP economics, I constantly think of stupid questions that are almost impossible to answer. So, maybe you could answer them for me, and if not then we can both wonder what the answers to these 15 questions could be.

Keep Reading...Show less
Entertainment

Most Epic Aurora Borealis Photos: October 2024

As if May wasn't enough, a truly spectacular Northern Lights show lit up the sky on Oct. 10, 2024

21381
stunning aurora borealis display over a forest of trees and lake
StableDiffusion

From sea to shining sea, the United States was uniquely positioned for an incredible Aurora Borealis display on Thursday, Oct. 10, 2024, going into Friday, Oct. 11.

It was the second time this year after an historic geomagnetic storm in May 2024. Those Northern Lights were visible in Europe and North America, just like this latest rendition.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments