The huge infrastructure project in question is the approximately 2,000-mile-long wall along the United States’ southern border with Mexico. This project has been estimated to cost somewhere between $10-20 billion. While the project is supported by many Americans, it’s not a burden the American taxpayer is going to want to shoulder or a project we should financially burden our ally and neighbor with.
To date, two ideas have been floated in terms of how to pay for this project and neither has garnered much enthusiasm. Mexican President Enrique Peña Nieto has made it clear that Mexico has no intention of paying for the project and will resist all attempts to impose this on Mexico. As such, tensions have escalated to a point that President Peña Nieto canceled his trip to the United States this month.
The second idea of imposing a 20 percent import tax on products from Mexico was met with quick resistance as many argued this would ultimately place the burden of payment on American consumers. In fact, this generated quite a storm on social media and the Internet as one-liners about $32 avocados began to whiz about. Americans would have to buy between $20-25 billion dollars of avocados to pay for the wall. In my opinion, this doesn’t sound like a plausible plan.
It should be noted that Mexico is the third largest supplier of imported goods into the United States. Along with the more than $21 billion in agricultural imports, Mexico provides $74 billion alone in vehicle imports and $63 billion in electrical machinery imports.
Read more by clicking below image