Since initiating his campaign for the Republican presidential nomination last summer, Donald Trump insisted that he’d build a “great, great wall” along U.S. southern border & would force Mexico to pay for it.
He clarified in a 2-page memo that was published on Tuesday by The Washington Post that he would attain this feat by seizing the money that Mexican migrants in United States send home until the Mexican Govt. agreed to make a 1-time payment to US of “5-10 billion dollars.”
According to World Bank, the roughly 25 billion dollars in annual payments that Mexico receives amounts to a little under 2% of country’s gross domestic product. Donald Trump’s proposal includes a few other notions to trick Mexico for money, like raising the tariffs or border-crossing fees, but the main element is menacing to block the remittances unless country sends billions of border wall dollars.
President Barrack Obama dismissed Donald Trump’s plan as counter-productive & unrealistic.
“The notion that we are doing to try to track every Western Union bit of money that is being sent to Mexico — good luck with that,” said President Obama on Tuesday. “Then we have got the issue of implications for Mexican economy, which, in turn, if it is collapsing, actually sends more immigrants north because they can not find jobs back in Mexico.”
Even if Donald Trump’s plan accomplished to overcome the legal hurdle, there is pretty much a 0% chance that it’d wind up forcing Mexico to pay for wall, as Donald Trump insists it will.
Mexicans from across the political spectrum rallied against Trump’s proposal, says a former Mexican intelligence official.
“It’d be suicidal for any Mexican Govt. to succumb to this blackmail,” the person added.
Donald Trump’s plan would also weaken the years of work to influence immigrants, both documented & undocumented, to open bank accounts in the United States & rely on American financial establishments to send money home.
“From an economic perspective, you are looking at an industry that represents tens of thousands of jobs,” said Javier Palomarez, the CEO of the U.S. Hispanic Chamber of Commerce
“You are talking about creating a whole underworld of people sending money back and forth — that is exactly what this would be doing. It is unnecessary when we have a system that works just fine. It is really an asinine idea.”