4.6 • 1.2K Ratings
🗓️ 11 March 2025
⏱️ 8 minutes
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0:29.8 | Now I want to turn the emphasis to Mexico. Donald Trump has threatened all sorts of trade |
0:35.4 | sanctions on Mexico at 25% tar off. But why is he doing this? |
0:40.1 | And I think the answer is there's four things that Mexico knows it has been doing to us with impunity, |
0:46.3 | especially under Joe Biden, that are not sustainable. Remember, Mexico looked at that open border |
0:51.3 | is a win, win, win, win situation. |
0:55.0 | Donald Trump, in this case, has far more cause to be angry with Mexico than he does with Canada. |
1:01.0 | But what we are witnessing is a complete reexamination of the entire North American paradigm of three once close nations. |
1:25.1 | Hello, this is Victor Davis Hanson for the Daily Signal. |
1:29.6 | Last time I talked about our North American problems with Canada, |
1:35.9 | now I want to turn the emphasis to Mexico. Donald Trump has threatened all sorts of trade sanctions on Mexico at 25 percent tar off. But why is he doing this? And I think the answer is |
1:42.6 | there's four things that Mexico knows it has been doing |
1:45.7 | to us with impunity, especially under Joe Biden, that are not sustainable. The first, it used to run |
1:53.5 | under NAFTA, $10 to $20 billion trade surplus. Then it went to $40, then it went to $50, and then |
2:00.6 | during Donald Trump's first term, |
2:02.1 | we renegotiated. It kind of stayed static. Now it's over 175 billion. But get this, |
2:08.9 | it's mostly due to China evading tariffs on China by sending raw product materials to Mexico, |
2:21.6 | computers, phones, appliances to be assembled by Mexicans and then sent under free trade agreements with us to the benefit of Mexico and China. |
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