May 31, 2019

DealBook Briefing | Trump Makes a Huge Economic Gamble on Immigration

1 minute

A Honda car plant in Celaya, Mexico.CreditEduardo Verdugo/Associated Press
A Honda car plant in Celaya, Mexico.CreditCreditEduardo Verdugo/Associated Press
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President Trump plans to impose a 5 percent tariff on all imported goods from Mexico starting June 10, then “gradually increase” it until the flow of undocumented immigrants across the border into the U.S. stops, the NYT reports.
• “Tariffs would be raised to 10 percent on July 1 ‘if the crisis persists,’ and then by an additional 5 percent each month for three months.”

Source: NYT

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