It's not just avocados. Trump's border shutdown would hammer the economy

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

White House officials are scrambling to prevent a disastrous shutdown of the US-Mexico border, which would impact much more than millennial brunches.

"Closing the US-Mexico border would inflict severe economic harm on American families, workers, farmers, and manufacturers across the United States,

to the US Chamber of Commerce this week."US trade with Mexico exceeds $1.7 billion daily, and nearly half a million people legally cross the southern border every day as workers, students, shoppers, and tourists."to Forbes. The damage to supply chains and local economies would provoke wider consequences related to spending and US growth in the event of an unprecedented closure of the Southern border. Mexico is the US's third largest trade partner.

It's expected that the entire US auto industry could close in just a week if the border closes because some 16% of parts for American produced vehicles come from Mexico, according to leading economist Kristin Dziczek, the vice president of industry, labor and economics at the Center for Automotive Research,Acting chief of staff Mick Mulvaney indicated Tuesday that President Trump would close the border over perceived security issues related to migration"unless something dramatic"...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Say it with me. A country that ceases to protect it’s borders will soon cease to be a country.

thanks for updates business insider

He doesn't care

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

White House: Trump to sign memorandum on federal housing financePresident Donald Trump is expected on Wednesday to sign a memorandum on federal housing finance, a White House official said. The memorandum, coming on the... info well noted marketwatch
Source: MarketWatch - 🏆 3. / 97 Read more »