Trump: Mexico will Pay for Wall as USMCA is 'Billions of Dollars' Better Than NAFTA




  • In Business
  • 2019-01-11 15:07:39Z
  • By CCN
 

U.S. President Donald Trump has reiterated that Mexico will pay for the wall that he pledged to build along the country's southern border during the 2015/2016 campaign rallies.

In an early-morning tweet, Trump declared that the benefits accruing from the recently signed United States-Mexico-Canada Agreement (USMCA) trade deal would meet the cost of the wall:


The USMCA was signed by the leaders of the three countries last year on November. However, none of the governments of the three countries have ratified the deal.

Trump's claim that the USMCA deal will see Mexico 'pay for the wall' indirectly has previously been rubbished by experts. The experts argue that, after ratification, the deal will not translate into federal revenues that would be enough to pay for the wall.

FactCheck: 'Not Really'

Responding to a query by fact-checking website, FactCheck, a University of Pennsylvania professor, Kent Smetters, stated that the accruing benefits from the new trade deal would not be enough to cover the maintenance costs of the wall:

Other experts also concurred with Smetters leading FactCheck to conclude that Trump's claim was false.

Prior to being elected Trump severally stated that Mexico would pay for the wall directly.

"It's an easy decision for Mexico: make a one-time payment of $5- 10 billion to ensure that $24 billion continues to flow into their country year after year," reads a part of a Trump campaign document titled "Pay for the Wall" released in 2015.

Internet Never Forgets

Then, Trump indicated in a campaign position paper that there were a variety of ways that the United States could use to compel its neighbor to the south to pay for the wall:

Trump's tweet comes at a time when the shutdown occasioned by a failure by the U.S. Congress to allocate money for building the wall is entering its 21st day.

Featured image from Shutterstock.


The post Trump: Mexico will Pay for Wall as USMCA is 'Billions of Dollars' Better Than NAFTA appeared first on CCN.
COMMENTS

More Related News

Warren backs congressional plan for reparations study
Warren backs congressional plan for reparations study

JACKSON, Miss. (AP) - Democratic presidential candidate Elizabeth Warren on Monday embraced a congressional proposal to study a framework for reparations to African-Americans hurt by the legacy of slavery as the best way to begin a "national, full-blown conversation" on the issue.

Flooded U.S. Air Force base underscores climate risk to security: experts
Flooded U.S. Air Force base underscores climate risk to security: experts
  • US
  • 2019-03-18 22:10:27Z

Flooding at a U.S. Air Force base in Nebraska that damaged buildings and forced the removal of a plane integral to the nation's nuclear attack response highlight the risks climate change poses to national security, experts said on Monday. U.S. President Donald Trump has repeatedly questioned whether humans cause climate change and has been angered by assessments from his military and intelligence agencies that say the phenomenon poses national security risks. Last week's "bomb cyclone" storm flooded about 60 structures including 30 buildings at the Offutt Air Force Base, said Ryan Hansen, a spokesman for the 55th Wing, a unit providing reconnaissance, intelligence and combat support to...

Kansas hopes to resurrect proof-of-citizenship voting law
Kansas hopes to resurrect proof-of-citizenship voting law

SALT LAKE CITY (AP) - Kansas' solicitor general on Monday called on a federal appeals court to reinstate the state's law requiring people to provide proof of citizenship before they can register to vote, saying problems with how it was enforced during the three years it was in place are fixable.

Poll: Half of Americans say Trump is victim of a 'witch hunt' as trust in Mueller erodes
Poll: Half of Americans say Trump is victim of a 'witch hunt' as trust in Mueller erodes

As the Russia report seems near, a USA TODAY/Suffolk poll finds half of Americans agree Trump is the victim of a "witch hunt," and trust in Mueller erodes.

Jim Carrey
Jim Carrey's Grief Over New Zealand Turns To Anger Against Trump

Carrey's new artwork shows Trump's head, with an angry, soulless expressionand a Nazi swastika on the forehead, as a blazing asteroid streaking towardEarth

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Business

facebook
Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.