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Stocks Slide as Trump Turns Tariff Gun to Mexico: Markets Wrap
Stocks and Treasury yields fell after President Donald Trump opened a new front in the trade war, threatening to place escalating import tariffs on Mexico in an effort to curb illegal immigration across the two nations’ border. The latest move by the self-described Tariff Man would put 5% duties on all Mexican imports on June 10, rising to 25% in October unless Mexico halts “illegal migrants” heading to the U.S. The tweet sent the Mexican peso down about 2%. Trump’s Mexico tariff plan leaves markets set for a turbulent end to what’s been a rough month for global equities, down the most since December.
https://finance.yahoo.com/news/stock-futures-drop-trump-plans-234020002.html?.tsrc=rss
Stocks and Treasury yields fell after President Donald Trump opened a new front in the trade war, threatening to place escalating import tariffs on Mexico in an effort to curb illegal immigration across the two nations’ border. The latest move by the self-described Tariff Man would put 5% duties on all Mexican imports on June 10, rising to 25% in October unless Mexico halts “illegal migrants” heading to the U.S. The tweet sent the Mexican peso down about 2%. Trump’s Mexico tariff plan leaves markets set for a turbulent end to what’s been a rough month for global equities, down the most since December.
https://finance.yahoo.com/news/stock-futures-drop-trump-plans-234020002.html?.tsrc=rss
