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Stock impact report

Mexico’s Foreign Minister to Meet With Pence in Effort to Avoid Trump Tariffs [The New York Times]

New York Times (NYT)  More Company Research Source: The New York Times
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PDF Mexico’s Foreign Minister to Meet With Pence in Effort to Avoid Trump Tariffs - The New York Times WASHINGTON — Vice President Mike Pence will meet Wednesday with Mexico’s foreign minister as officials on both sides of the border try to avert the potentially crippling economic consequences of President Trump’s threat to impose tariffs Mr. Trump has vowed to impose a 5 percent tariff on all goods from Mexico beginning Monday and to increase the tax to 25 percent by October if Mexico does not prevent migrants from illegally entering the United States. Mr. Trump, speaking Tuesday in London, said that it was “more likely that the tariffs” would be imposed on Monday as he has threatened. Mexican officials, along with Republican lawmakers Mr. Trump, frustrated by what he views as Mexico’s failure to stem the flow of migrants, said he would use broad emergency powers to impose punishing tariffs on the country. But it remains unclear what Mexico could do to satisfy Mr. Trump and persuade him [Read more]
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