To the Editor:
During the campaign, Donald Trump tweeted “Mexico’s court system corrupt. I want nothing to do with Mexico other than to build an impenetrable WALL and stop them from ripping off U.S.”
He also said, “They’re bringing drugs. They’re bringing crime. They’re rapists. And some, I assume, are good people.”
Mexico buys most of its corn from the U.S. In 2016, they bought almost 14 million tons or 28 percent of all U.S. corn exports.
The U.S. has huge stockpiles of corn, resulting in lower prices.
Now Mexico is working to lessen those imports and is now talking with Brazil and Argentina to buy their corn instead of U.S. corn.
This will further decrease the price of corn.
In 2015, Mexico imported $92 billion worth of goods from Texas and Texas imported $85 billion worth from Mexico.
This positive result for Texas will be totally upended with Trump’s new proposed 20-35 percent import tax.
Mexico will forgo buying U.S. corn if they are forced to pay a 20-35 percent import tax on goods that are purchased here in Texas and the rest of the U.S.
Mexico could also retaliate by imposing its own tariff for things sold to Mexico.
They are also the largest importer of Texas winter wheat, but now Mexico is looking to Canada, Argentina, and Australia to buy their wheat.
I would urge concerned Texans to contact Sen. Ted Cruz, who will vote for this type of border tax.