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Article Date: May 2019
Word Count: 394

Tariff Update: Mexico Hit and China Plans Retaliation


As the trade standoff between the U.S. and China continues, President Trump took to Twitter to add Mexico to the list of countries subject to import tariffs. The president announced the U.S. will impose a 5% tariff on all Mexican imports on June 10 as a means to end the flow of illegal immigration through Mexico. The rate will rise to 10% in July, with a 5% increase each month for three months until reaching a 25% cap. The tariffs will remain until the migration is ended. Markets quickly saw the Mexican peso weaken against the American dollar and shares ... Log in to view full article.

 


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