A possible import tax to pay for president Donald Trump’s wall along the Mexican border is causing protests from business owners in Texas.
The tax is not yet in operation but has created anxiety among businesses who import on a daily basis. The proposed tax would raise prices on most products which are imported from south of the border.
A local shop owner, for example, runs his business around imports from Mexico. His imported goods are bought by people all over the world. Recent news of a possible 20 percent tax on all goods imported from Mexico to pay for President Trump’s wall has made him worry about his business.
He says that if President Trump were to go through with his tax plan most of his stock will be much more expensive. The White House says the tax on imports is just one of the possibilities of how to pay for the wall.
The Texas Association of Business says it could mean a loss of jobs and a hit to state tax revenues.