Mexico Has the Leverage, Trump Can’t Win

So as I’ve mentioned before Donald Trump plans on imposing a 20% tax on Mexican imports in hopes to force Mexico to pay for a border wall. Trump is playing with fire and here is why. Trade Deficits 101 Trade deficits are the results of the United State buying more goods than it sells to a particular country. In theory, these can’t last forever as the deficit will cause your local currency (U.S. Dollar) to go down in value, which will make goods in the United States more appetizing to…

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Mexico now on the aggressive minimum wage increase bandwagon

by Alex Merced Mexico has increased their minimum wage about .50, which has the mexican left in an uproar Now when it comes to the minimum wage, I have a good video showing visually how the minimum wage hurts people, yet we have this debate over and over again. There is nothing wrong with making more, I want people to make more but prices are prices and they serve a function. The price of labor signals what skills are in demand, where labor produces the most value, and help the…

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