Tariffs on Mexico could do wide-ranging harm to the U.S. economy, observers warn
Story Date: 6/6/2019

 

Source: ROLL CALL, 6/5/19

President Donald Trump’s threat to impose a new tariff on all imports from Mexico beginning Monday and to then ratchet them up each month unless Mexico does more to stop migration to the U.S. border could do wide-ranging harm to the U.S. economy, business representatives and think-tank observers said. The business officials and others said the tariffs would hurt consumers, businesses, and possibly investor confidence and financial markets, the U.S. economy as a whole and the global economy. Trump announced his plan last Thursday and Mexican officials are in Washington this week hoping to find a solution.

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