Trump's pet Mexican wall could be financed by import tax
The Dollar Business Bureau Hinting at another major foreign policy shift, Trump has proposed to impose 20% tax on imports from all the countries America has a trade deficit with. The proceeds thereof, the White House said, will finance the construction of a wall on the Mexican border, which was Trump campaign's signature election promise. Deeming the 20% import tax proposal as one that is practiced by 160 countries, White House Press Secretary Sean Spicer called the US trade policy of taxing exports and letting imports move freely ridiculous. He also estimated that the new tax is likely to bring in $10 billion annually, which can be utilised to build the wall. "But the other net positive that you have to realise is that through the wall, not only do we secure ...
India, Mexico frame strategic guidelines to promote trade
The Dollar Business Bureau India and Mexico have formulated strategic protocols to promote bilateral trade and investments.A committee comprising high-level members deliberated on investments, trade and economic cooperation, in the 4th meeting in Mexico, and framed the guidelines for promotion of trade. The agenda of the meet included areas like environment and intellectual property.An official release stated that the aim of the high level group is to observe and draft conditions in an effort to increase trade and investments and boost economic ties of Mexico and India.The meeting, which was held on 13th and 14th of July, was chaired by Rita Teaotia, Commerce Secretary, and Francisco de Rosenzweig, the Undersecretary of Mexico’s Foreign Trade.Besides working on ways to boost bilateral ties ...
