Editor’s note: This is a lightly edited transcript of today’s video from Daily Signal Senior Contributor Victor Davis Hanson. Subscribe to our YouTube channel to see more of his videos.
Hello, this is Victor Davis Hanson for The Daily Signal. Last time I talked about our North American problems with Canada. Now I want to turn the emphasis to Mexico.
President Donald Trump has threatened all sorts of trade sanctions on Mexico, a 25% tariff. But why is he doing this? And I think the answer is there’s four things that Mexico knows it has been doing to us with impunity, especially under Joe Biden, that are not sustainable.
The first, it used to run under NAFTA $10-$20 billion trade surplus. Then it went to $40 billion, then it went to $50 billion. And then, during Donald Trump’s first term, we renegotiated it. It kind of stayed static. Now it’s over $175…
