A tip for Trump — tax Mexico for its gasoline and diesel imports from US

Disclaimer: This post in no way, shape or form is an endorsement for or against Donald Trump or any other presidential candidate, for that matter. Nor is it an endorsement of this made-up “wall tax.” By now, you know the spiel. The Republican front-runner for US president, businessman Donald Trump, insists he is going to have a wall built on the US–Mexico border and he is going to make Mexico pay for it. But how? Here’s an idea for Mr. Trump – one of the first places to look is refined products. Throwing aside all politics, Trump, and whether or not this wall is even needed, one obvious problem to the plan would be the price tag and how to get Mexico to underwrite the cost. The National Journal once estimated the price tag for such wall would be a whopping $6.4 billion (you can say that price tag in your best Dr. Evil voice). However, Mexico is the top destination for US’ gasoline, diesel and LPG. What about adding a special “wall tax” to Mexico’s imports of gasoline, diesel and LPG from the US? When it comes to taking in refined products from the US, Mexico is somewhat of a … continue reading

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