Just How Much Does Philly Trade With Mexico?
The region will be a big loser if a trade war with Mexico breaks out.
Fabiola Cineas | Philadelphia Magazine
It’s not far-fetched to say that the U.S. may soon wage a trade war with Mexico. When President Trump made his way to Philly for the Republican retreat last month, news broke that the administration was considering, among other ideas, a 20 percent tax on imports from Mexico to pay for a border wall that could cost as much as $15 billion.
The economic fallout would be huge for the Greater Philadelphia region, Linda Conlin, president of the World Trade Center of Greater Philadelphia (WTCGP) told Philadelphia magazine.
“If you put a tax on imports, you’re going to be affecting consumer prices in the United States for Mexican goods,” she said. With such a tariff, we can expect Mexico...
Full Article (via phillymag.com)
World Trade Center of Greater Philadelphia News
In this Philadelphia magazine business feature World Trade Center of Greater Philadelphia President Conlin hints at the possible impact of a change in trade policy with Mexico. Mexico was Philadelphia’s third-biggest export market in 2015.
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