Trump might make pizza night more expensive.
Last week President Donald Trump began to move forward on his plan to build a wall across the U.S./Mexico border.
This was a major part of his campaign for the presidency despite widespread agreement that a 1,300-mile-long wall will do nothing to secure the border against illegal immigration. The wall will cost anywhere from $10 billion to $25 billion in materials and construction alone, plus the as-yet uncertain costs to buy all of the land necessary for construction.
That comes to more than $120 per U.S. household, but the direct costs are just the beginning. To try and recoup this money, Trump has floated the idea of imposing a 20% tariff on Mexican imports.
This would be an unambiguously bad deal for American consumers and workers alike. Here are just a few reasons why:
Fruits and vegetables will get more expensive.
The Mexican government wouldn't pay a penny of any potential tariff. Importers would absorb it as a cost of business and, like any other systemic cost, would pass it along to the customer in the form of higher prices.
And a lot of prices would go up in the wake of Trump's tariff.
America imports over $316 billion worth of goods and services from Mexico every year, making it our country's third biggest trading partner. Mexico doesn't specialize in any particular export to the United States. Almost every kind of product from beer and wine to medical equipment crosses the border.