HOW WILL OUR STATE’S ECONOMY BE IMPACTED IF PRESIDENT TRUMP FOLLOWS THROUGH WITH HIS TARIFFS ON MEXICAN IMPORTS? UNM ECONOMIST JEFF MITCHELL TELLS NEWSRADIO KKOB TARIFFS ARE ESSENTIALLY PAID FOR BY CONSUMERS IN NEW MEXICO AND ACROSS THE COUNTRY. BUT THE TARIFFS WON’T IMPACT U-S EXPORTS UNLESS MEXICO UNLESS THEY RAISE THEIR TARIFFS.
MITCHELL SAYS THAT WOULD PRIMARILY EFFECT COMPUTER COMPONENTS THAT THE STATE EXPORTS TO MEXICO. HE SAYS FIVE PERCENT TARIFFS WOULDN’T BE A BIG DEAL…BUT IF THEY GO ALL THE WAY TO 25 PERCENT, THAT COULD HAVE A MAJOR IMPACT.
