Director, Latin America Credit
June 5 2019
The 5% tariff on Mexican goods sent to the US is set to kick in on 10 June, and to increase by 5% every month until October, when they will be at 25%. Ostensibly, this is US President Donald Trump’s strategy to force the Mexican authorities to curb illegal immigration and the smuggling of drugs and people into the US.
There have been three key pieces of information today:
Locals in Mexico believe the initial 5% tariff is inevitable, since they believe Trump is hoping a tough line on Mexico will play well with his supporters ahead of a potential announcement next week that he will be seeking re-election...
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