New Tariffs For A New Target 🥑
Tariffs for Mexico
Last Thursday night, President Trump sent out a series of tweets announcing that the U.S. would place a 5% tariff on all goods coming in from Mexico starting on June 10th. The tariff would slowly rise up to 25% unless Mexico stops the flow of illegal immigration to the U.S.
Reaction to the tariff
Mexican President Obrador sent a team to negotiate a solution to the impending tariffs. Business groups from both sides of the border expressed concerns with the harm that the tariffs could bring to both economies. Those concerns have even caused some Republican Senators to urge the president to find a different solution in trying to get Mexico’s help.
Washington Examiner: Trump dismisses attempt by ‘abuser’ Mexico to negotiate tariffs
The right focuses on the growing illegation immigration problem that Trump is trying to address with Mexico's help. They highlight numbers that show the number of families apprehended at the border has increased by over 106%.
Huffington Post: How Trump’s Mexico Threat Could Backfire
The left is worried about the impact that the tariffs will have on the U.S. economy. They believe tariffs could undermine efforts to get the revamped North America trade agreement (US-Mexico-Canada Agreement) ratified by the legislatures of each country. These articles also point out that Mexico could retaliate by setting tariffs on $300 billion U.S. goods and services that it imports.
Where’s the common ground?
Both sides agree that the record number of illegal immigration is a growing problem that the U.S. needs to solve. Both sides also believe that putting tariffs on Mexico is a huge step that may or may not result in the desired outcome.
Next month at the grocery store
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