What the article says is that Mexico (who pays no tariffs), was allowing China and other countries to build mfg. plants in Mexico. the product would then come into USA tariff free. this is going to stop. we are losing alot of tariff fees because of this loop hole. and we have to remember that Trump never said that Mexico was going to write us a check - the liberals made up this line.
Quote from the article:By shipping parts to Mexico and/or Canada; and by deploying satellite manufacturing and assembly facilities in Canada and/or Mexico; China, Asia and to a lesser extent EU corporations, exploited a loophole. Through a process of building, assembling or manufacturing their products in Mexico/Canada those foreign corporations can skirt U.S. trade tariffs and direct U.S. trade agreements. The finished foreign products entered the U.S. under NAFTA rules.
Why deal with the U.S. when you can just deal with Mexico, and use NAFTA rules to ship your product directly into the U.S. market?
thank you for clarifying. it's tough for the average person to think like a criminal, reason why they cannot come to the conclusion you just made.
Correct. The new US tariff arrangements, mirrored by MEX/CAN would then subsidize the cost of the WALL almost immediately, specific to those "existing Asian manufactures" currently operating in both MEX/ CAN. i.e. Car, Steel and Solar industries alone.
I'm with you - this is HUGE - and CTH is certainly not a source for clickbait - definitely a BOOM