Tuesday, January 8, 2019

No, Mexico Isn't Paying For Trump Wall Thanks To Trade Deal - Politifact

Trump claimed, "Mexico is paying for the Wall through the new USMCA Trade Deal."

USMCA is the name for the renegotiated NAFTA. USMCA is not in effect yet. Even then, there is no provision in the free trade agreement about Mexico directly paying for the wall.

The new USMCA deal does not add new tariffs on goods coming from Mexico to the United States, an expert told us. It’s unclear how the deal will impact U.S. businesses revenues. If U.S. tax revenue increases in response to increased revenues of U.S. firms, then Congress would still have to allocate that money for the wall. That’s questionable.

The full article is available here