Why a move to close the Mexican border could backfire for Trump and the U.S. economy
The stuttering U.S. economy could suffer a savage blow, business leaders and economists say, if President Trump acts on his threat to shut the Mexican border to block a rising tide of migrants.
“The auto industry would face serious disruption. About one-third of imported auto parts come from Mexico,” he said. “A lot of fruits and vegetables are also imported from Mexico. Prices would likely skyrocket.” The U.S. imports enormous quantities of autos and parts, computer equipment, oil and gas, appliances and plastic and rubber products — not to mention fruits and vegetables such as tomatoes, berries and melons.
The White House threat weighed on Wall Street. The Dow Jones Industrial Average DJIA, -0.30% fell and the S&P 500 SPX, +0.00% was flat.
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