08192019Mon
Last updateMon, 19 Aug 2019 4pm

Manufacturing & The Economy

Trump Plans 5% Tariff on Mexican Imports

On May 30 President Trump “shocked markets by threatening to slap 5% surcharges on Mexican imports beginning June 10, as part of a demand that the country do more to contain a surge of migrants streaming across the border,” Yahoo Finance reports.

Major industry groups, such as the National Association of Manufacturers (NAM), “came out strongly against the threat of tariffs, which come as the United States Mexico Canada trade agreement languishes in Congress.”

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