Earlier quoted context omitted.
> which will include higher prices Interesting. I was in a UK supermarket the other day and the asparagus on offer was from Spain and Mexico. The Mexican variety was cheaper, and just as good. Currently, Mexico pays a 14.4% common external tariff on this product, and it's still cheaper than what the EU (with it's massive array of agricultural subsidy) can produce. I imagine this is just the tip of the iceberg.
That may be because the minimum wages are massively different for the two countries, with $0.48/hr in Mexico vs $4.98/hr in Spain[1]. Globalism does exploit the lower standard of living of other countries, after all. That means that even though there are massive tariffs, these "third world" countries can still make a profit because of the abysmal quality of life for its citizens. [1] https://en.wikipedia.org/wiki/Lis…
Unless you can think of a reason why a jobless Mexican will have a better standard of living than one making 48¢/hour.