On February 14, US lawmakers passed a bipartisan deal, which provides almost $1.4 billion for barriers and fences along the southern border with Mexico.
The deal was part of a funding package set to avoid a second government shutdown. Although he signed the bill, President Trump is not happy with the deal, which falls short of the $5.7 billion he wants for a border wall.
President Trump is looking to declare a national emergency in order to accomplish his goal of securing the US-Mexico border.
Section 232 Revenues
Certainly, if Congress would stop its partisanship, then there is plenty of money available to fund border security. For example, Section 232 revenues from aluminum and steel tariffs are a possible funding stream for a border wall.
The tariffs on aluminum and steel have raised $3.6 billion in their first nine months. And Section 232 revenues for December 2018 and January 2019 are predicted to be over $1 billion.
In other words, the money raised by Section 232 tariffs on aluminum and steel is enough to cover the remaining $4.3 billion President Trump wants for a border wall.
In fact, the President has said he wants to build, “steel barriers in high priority locations.” Of course, this would be good for the steel industry, the Texas economy and national security.
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