The Trader 

Market Outlook: President Trump to impose tariffs on Mexico

The Trader

Starting on the 10th June at 5 per cent, and rising to a maximum 25 per cent by October, President Trump Tweeted: ‘’the United States will impose a Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP…until the Illegal Immigration problem is remedied…’’ Coinciding with the day Mexican President Lopez Obrador had started a formal process to ratify a trade deal with the US and Canada (USMCA), Reuters suggests it raises the risk of devastating economic relations with its biggest trading partner.

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