Amlo realizes it’s impossible for Mexico to retaliate against U.S. tariffs on Mexican imports if he doesn’t stop flooding our border. Mexico business interests will take a financial hit when the stock market opens, if Mexico doesn’t fix the problem.
(Reuters) The announcement rattled investors who feared that worsening trade frictions could hurt the global economy. The Mexican peso, U.S. stock index futures and Asian stock markets tumbled on the news, including the shares of Japanese automakers who ship cars from Mexico to the United States.
Of the 4 automakers with assembly plants in Mexico: Shares in Toyota, Nissan, & Honda fell around 3% +. Mazda fell nearly 7%.
The Mexican government had better figure it out by tomorrow or things will get ugly fast.
Wow the stock market is an ass. A 5% tariff on $350B is drop in the bucket yet is sends the market into fear and panic. LOL!
Ugly? We start tariffing all imports we could see a balanced budget in few years!!!
I’m pretty sure the new Jeep engines are made in Mexico - or, at least, major parts are. Thank God my 2016 Ribicon engine is American made.
If this starts hurting the big drug cartels, it will be interesting to see the results.