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Devastating analysis shows Trump’s trade war has massively helped Mexico — while hurting America

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President Donald Trump’s trade war is wreaking havoc on many American farmers — but it turns out that Mexico is actually benefiting.

Business Insider reports on a new analysis by the International Monetary Fund showing that imports from Mexico, which Trump has regularly attacked for supposedly “taking advantage” of the United States, have skyrocketed ever since Trump began slapping massive tariffs on products imported from China.

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“US imports from Mexico have also offset those from China over the past year,” Business Insider writes. “After President Donald Trump’s administration imposed tariffs on $16 billion worth of Chinese products last year, US imports from China decreased by $850 million, and those from Mexico increased by a similar amount.”

Business Insider also reports that the IMF has found that American businesses are paying “almost entirely” for the tariffs enacted by the president, which completely undercuts his claims that his tariffs are only hurting China.

“Tariff revenue collected has been borne almost entirely by US importers,” the IMF said while citing data from the U.S. Bureau of Labor Statistics. “There was almost no change in the (ex-tariff) border prices of imports from China, and a sharp jump in the post-tariff import prices matching the magnitude of the tariff.”

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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Trump thinks he’s ‘the chosen one’ for one really preposterous reason

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Even for a bottomless pit of narcissism like Donald Trump, Wednesday was an exceptional day for self-aggrandizement. Early in the day, Trump tweeted quotes from one of his more sycophantic — and unhinged — followers, Wayne Allyn Root, calling Trump the "King of Israel" and "the second coming of God." Later that day, when speaking to reporters, Trump embraced the prophet identity again, calling himself "the Chosen One," in response to a question about trade dealings with China.

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Trump-voting evangelist drops the ‘blasphemy’ hammer on president for deifying himself

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In a column for the Washington Post, an evangelical leader who admits he voted for Donald Trump in 2016  is very displeased that the president anointed himself the "chosen one" when speaking with the press on Wednesday.

According to Jay Lowder who heads up the Harvest Ministries in Wichita Falls, Texas, the president stepped over a line with his boast -- calling it "disturbing."

"Since President Trump’s election, many in the evangelical community have lauded him, grateful for his work to protect and propel some of the Christian values we hold so dear," before pointing out that a comparison to Jesus by man who "claims to be a Christian" is nothing less than " shocking, blasphemous and sacrilegious."

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Couple who ran demon-obsessed gay ‘conversion therapy’ camp indicted on human trafficking charges

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An Alabama couple who operated a controversial gay "conversion therapy" camp has been indicted on human trafficking charges in connection with a new religious facility they set up in Texas.

A grand jury indicted 49-year-old Gary Wiggins and 34-year-old Meghann Wiggins after investigators found they had forced children to work at their Joshua Home for troubled boys, reported KXAN-TV.

Burnet County officials raided the 10-acre property near Bertram in July 2018, where they removed eight boys between 10 and 17 years old as part of an investigation into possible abuse, neglect, labor violations, fraud, licensing violations and human trafficking.

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