Trump’s Tariffs Threat
31 May 2019: On May 30, President Trump tweeted that he will impose 5% tariffs on all imports from Mexico unless they do more to reduce the inflow of Central American migrants into the U.S. The tariffs will start on June 10th and will increase monthly by 5% points until they reach 25% (by October). While energy was not specifically mentioned, the U.S. imports about 650 thousand barrels per day (KB/d) of crude oil from Mexico which could be affected by these tariffs.
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