Another broken Biden promise.

@Lackwittyname Mexico paid for that wall 5X over ... probably more ... when they realised that, they cooperated

The wall was a money maker!

@questionWeaver exactly, if they weren't so stupid to realize how much all those tariffs we imposed them them cost them in the long run... they'd have wrote us a check to pay for wall instead... and been far less expensive...

@questionWeaver Yeah, okay, keep your fantasy

https://www.nbcnews.com/politics/donald-trump/fact-check-mexico-never-paid-it-what-about-trump-s-n1253983

https://www.bloomberg.com/news/articles/2020-09-01/the-border-wall-that-u-s-not-mexico-is-paying-for-quicktake

https://www.politifact.com/truth-o-meter/promises/trumpometer/promise/1397/build-wall-and-make-mexico-pay-it/

https://www.texastribune.org/2020/10/27/border-wall-texas-cost-rising-trump/

@questionWeaver his sources are nbc, bloomberg, and politifact....

lmao... 🤣

@wildbill83 their little tantrum cost them $100 billion when Trump let the peso float free, in exchange ... we then made $40 billion hard cash rescuing the peso .... Nancy and the antitrumpers, just would not let Trump move those dollars from the Treasury to General Fund pre-allocated.

@wildbill83 You do realize tariffs are passed on to the company that is buying the imported goods, not to the exporter. The tariffs hurt because then their exported goods cost more. But a lot of times some goods just are not made in the US or are and at a much higher cost that they still pay the extra for the tariffed goods. Then, they mark up their prices and us, the US consumer is paying the higher cost, not Mexico, not China, but you. You paid for the wall.

@wildbill83 I at least post sources, and yours are?

@Lackwittyname no .... you are correct about tariffs generally ... but not in Mexicos case.

75% of Mexicos commerce is at fixed price into the US (after tariff) .... due to a bunch of accounting factors and risk management

Bottomline, US executives want no part of "guessing" the pesos exchange rate when products cross ... so they denominate the product in dollars, at a fixed price.

For Mexico to compete ... they swallowed the tariffs and the peso devaluation in their COGS.

It was a serious hit. The new president absorbed the wall and played for the new NAFTA to rescue Mexico ... which it then did ... with another $20B payment in the NAFTA replacement.

Mexico played smart at that point

@Lackwittyname or you switch suppliers. More profitable to use a domestic/US supplier with better quality, than a crappy foreign one with a 5-25% tariff imposed on them...

not many sane people are gonna buy a shitty foreign product that costs more than a quality domestic one...

hence distributors find new suppliers or go out of business...

Companies like Wal-Mart paid for wall...

@questionWeaver Good counter point, I will look up on that, thanks for taking the time to write that out. @wildbill83

At the end of the day it is what my original comment was, they all promise, they all underdeliver. They all suck (generalization), they care less about us than they do their lobbies. We can fight and bicker at places like these, but really we probably have more in common with one another than with those making the policies, those making promises that they do not deliver on, both parties.

Food industry is a good example, an industry where there isn't a large profit margin to begin with. Many of the vegetable & fruit growers that were almost exclusively imports beforehand are popping up everywhere domestically...