Another Trump victory in NV

[awesome guy]

A country doesn't need leverage to institute a tariff. In fact, throughout history it is the exact opposite as less developed economies are closed, have high tariffs, which hurts their economy.

Edit: see link for countries with highest tariffs. I don't think the top of the list have a whole lot of "leverage" yet they still institute the highest tariffs. It's just a specious argument.
http://data.worldbank.org/indicator/TM. ... &sort=desc

The reality is the US is a different animal

Leverage doesn't matter when slapping tariffs on goods. Other "arguments" that are just as relevant:
The U.S. has more money so Mexico will find it harder to retaliate.
The U.S. has a bigger stock market.
The U.S. has more roller coasters.

Leverage matters as it limits Mexico's ability to retaliate. Squeek all you want that it doesn't matter, but that doesn't make you right.

If your specific measure for leverage is quantity, then I think Mexico has plenty of room. They exported $295 billion to the U.S. and imported $235 billion (rounding). I think there is plenty of room.
https://www.census.gov/foreign-trade/balance/c2010.html

You're ignoring that migrants sending back money to their home in Mexico is 24 billion dollars. Plus they're dependent on trade deals that enable manufacturing there. They're a little bitch next to us and have little leverage to retaliate. They're already exercising their full potential to screw us by dumping illegals here and Trump is taking that away too.