After TPP withdrawal, Donald Trump proposes 20% tax on Mexico imports

January 27, 2017 3:51 pm
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With just a week into the new administration, Trump has already started making serious impact on the world stage.
After scrapping the Trans-Pacific partnership, Trump in a significant move has proposed to impose 20% tax on Mexico imports into the United States. Mexico is the second largest export country for the US and making them pay for the high cost wall along the US-Mexico border may have impact on trade vice versa as well.
In his aim of “Make America Great Again”, Trump had promised to build a “great wall” on the southern border and have Mexico pay for it during his election campaign.
Earlier, in his very first day in office, Trump had signed an executive order abandoning TPP which his predecessor, Barack Obama pioneered to counter China.

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