Trump tariffs raise chances of Mexican economy falling back into recession

clock • 3 min read

President Trump has added another chapter to the trade conflict. Last Thursday, he surprised markets with a 5% tariff on all imports from Mexico, starting June 10, with a monthly increase of 5 percentage points (to a maximum of 25%) if the Mexican authorities do not stop migrants passing through Mexico and entering the US. This bold move contravenes the still-existing NAFTA rules, but the US government is justifying it with arguments of national security. The Mexican government has said it will not retaliate before starting discussions with the US. Delegations from both countries will me...

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