Donald trump says of course mexico can pay for wall — because of the trade deficit _ politifact florida

“When they say ‘but Mexico can’t pay for the wall,’ I say of course they can,” said the Republican frontrunner at a town hall in Norwalk, Iowa, on Jan. Fair trade definition 20. Trade school definition “We have a trade deficit with Mexico that’s unbelievably big. What is international trade definition Humongous. Definition of international trade It’s a humongous number. Terms of trade definition It’s billions and billions of dollars — far more than what we’re talking about for the wall.


Definition for free trade The wall’s peanuts compared to that.”

Trump’s statement prompted these questions: What is the amount of the trade deficit and the cost to build the wall? Mostly importantly, does a big trade deficit mean the Mexican government has money to pay for a wall?

The U.S.-Mexico trade deficit was $50 billion for 2014. Fair trade definition business It was about $54 billion for the first 11 months of 2015. Trade index definition That means Mexico sold the United States $54 billion more in goods and services than the United States sold to Mexico.

Balanced trade — in which exports and imports are equal — is rare. Trade facilities definition The U.S. Fair trade economics definition economy has run overall trade deficits in every year since 1976.

“It’s a lot more expensive than we expected when we started, and it was much more difficult,” said Ronald Vitiello, deputy chief of the U.S. Modern trade channel definition Border Patrol for U.S. Global trade compliance definition Customs and Border Protection, before a Senate committee in May.

But the costs have left Trump, who promised to ” build a great wall,” undeterred. Food trade definition His immigration plan includes no price tag, although he wants to force Mexico to pay for it by taking money from remittances and jacking up fees on visas.

News reports estimating the price of a wall have varied widely. Trade balance definition For the fence already built, the costs fluctuated depending upon the terrain. What is the definition of trade winds A Congressional Research Service report noted in 2009 that the challenges include “costs versus benefits, location, design, environmental impact, potential diplomatic ramifications, and the costs of acquiring the land needed for construction.”

“The only way to come up with any type of real cost estimate, you would have to do what we did: Get the Army Corps of Engineers or somebody else to survey and plan and come up with a fence type, and environmental impacts,” said Thad Bingel, a senior official at Customs and Border Patrol during the George W. Exchange traded funds definition Bush administration.

From an engineering standpoint, it’s possible to do it. International free trade agreement definition But the cost would be enormous, and it would be more efficient to invest in equipment or staff, he said.

“Largely the reason we didn’t fence those portions was Border Patrol didn’t think we needed fencing there,” because those portions had a river, mountains or a lot of desert, Bingel said.

So let’s review what we know so far: The trade deficit is about $50 billion. International trade effect definition It’s difficult to pinpoint a price to build the wall, although the estimates we saw were smaller than the deficit.

However, the bigger problem with Trump’s statement is he suggested Mexico can afford to pay for the wall because of the amount of the trade deficit. Trade meaning and definition There is no proof of that.

“Trump’s connection of the trade deficit with a Mexican border fence is just nonsense,” said Alex Nowrasteh, an immigration expert at the libertarian Cato Institute. Definition of trade surplus “Just because the Mexican economy has a trade surplus relative to the United States doesn’t mean the Mexican government has the resources to build a border wall. Definition for trade off It would be like me threatening my neighbor to build a new fence or else I’ll stop shopping at Walmart.”

Mark Perry, a University of Michigan professor and scholar at the conservative American Enterprise Institute, said the trade deficit is based mostly on trading and investment by private individuals and companies — not the government itself.

“It’s not like there is $54 billion sitting around somewhere in Mexico, like a magic pile of dollars, that could be used to build a wall,” he said.

The Mexican government does not have adequate funds to pay for health, education or roads — much less build a wall, said Gary Hufbauer of the Peterson Institute for International Economics, a think tank that analyzes globalization.

Trump said, “When they say Mexico can’t pay for the wall, I say of course they can. Free international trade definition We have a trade deficit with Mexico that’s unbelievably big. Last trade definition … Trade sale definition It’s billions and billions of dollars — far more than what we’re talking about for the wall.”

The trade deficit is about $50 billion. Definition of international trade finance Estimates to build a wall vary widely, though the ones we saw were smaller than the trade deficit. Fair trade definition economics It’s impossible to know a precise figure because Trump hasn’t offered a detailed plan.

However, Trump’s overall message here is misleading because he suggests that the size of the trade deficit is proof that Mexico could pay for the wall. What is fair trade simple definition In reality, the trade deficit has nothing to do with whether the Mexican government could afford to write the United States a check to build the wall.

Interview, Thad Bingel, Principal at Command Consulting Group and former Assistant Commissioner for the Office of Congressional Affairs at Customs and Border Patrol and as Majority Counsel with the U.S. What is trade balance definition House Judiciary Committee in Congress, Jan. Trade off analysis definition 21, 2016

Interview, Mark Perry, scholar at the American Enterprise Institute and University of Michigan professor of finance and business economics, Jan. Import trade definition 21, 2016

All materials are found on open spaces of a network the Internet as freely extended and laid out exclusively in the fact-finding purposes. If you are what lawful legal owner or a product and against its placing on the given site, inform us and we will immediately remove the given material. The administration of a site does not bear responsibility for actions of the visitors breaking copyrights. abuzesite@bigmir.net