EconAir

Because imported eggs from Mexico go through a long inspection process and retail for only $2/dozen in Mexico, there has been a big increase in egg smuggling on the Mexican border. ICE agents now search cars and trucks for contraband eggs. ICE has set up a task force of hard-boiled cops to stop gangs running eggs into America. The task force has cracked its first case. Border police have been given an explicit instruction when confronted by armed egg smugglers: "Don't shoot until you see the whites of their eggs." Egg smugglers boast on how easy it is to get eggs over the border. They’re known as over easy eggs. Airplanes and boats that criminal gangs used for running guns into the United States are now used for running eggs. Cracklin” Rosie, the story of a breakfast cook, is the most requested song on Spotify. New version by Yokol Ono. A USDA yokesperson said President Trump is aware of the situation. He is scheduling a photo op in front of the White House wher...

BACKGROUND Trump, of all people, does not seem to understand that companies, not countries, import and exports goods and services. Trump does not seem to understand that many American companies and industries have outsourced the production of their inputs, products and services to China, Mexico and Canada to lower costs and increase profits. They have already decided what to produce here and what to produce in other countries. Total American imports are around $3.5 trillion. Total exports are around $2.5 trillion. Both numbers include trade in services in addition to trade in goods. so the total trade deficit is around $1 trillion. Any higher tariffs the U.S. puts in imports will probably be matched by tariffs on U.S. exports. So while tariffs in imports will hurt foreign exporters, reciprocal tariffs will hurt American exporters. And imports of commodities like oil and copper, steel and aluminum, inputs and sub-assemblies that go into domestic American production are about 40% of t...