The real cost of Trump’s tariffs on Mexico, explained
Posted on AllSides June 5th, 2019
From The Left
Trump’s tariffs on Mexican products could cost American families up to $900 each.
Whatever President Donald Trump might say, the burden of his planned tariffs on Mexico will be borne by Americans — as much as $900 per household, according to a group of economists Vox surveyed.
The auto industry is by far the most significant casualty; America’s biggest imports from Mexico are cars and auto parts. But data processors, telephones, televisions, and even beer are also moving all the time across the border. Whether it’s a car or a...