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.
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