Mexico duck rates so far, but Laredo will be a key indicator – Austin Reform

The United States will impose a 10% duty on all imports from China, while Mexican and Canadian imports would carry a 25% tariff. For the next month, only Canadian imports will face this tax. Canadian electricity, oil and natural gas will also be subjected to 10% tariff.

Tariff rules also do not allow exceptions that could harm housing builders, farmers, automakers and others, a senior US administration official told the Associated Press. And there are no specific criteria for raising tariffs that an employee said that only a fewer American deaths than fentanyl.

Economists have warned that new tariffs can raise Americans’ prices while slowing up growth and stimulating inflation, including a recent study by Yale’s budget laboratory.

Trump over the weekend admitted that change could hurt Americans.

“Will there be any pain? Yes, maybe (and maybe not!), “Trump said in a social media publication, quoted by the Associated Press. “But we will make America great again and all this will be worth the price to be paid.”

The announcement also sent shock waves across the market on Monday, with the S&P 500 dropping out of 1.9% at the beginning of the day, although Mexico’s message returned these losses, according to AP.

Trump’s tariffs left Mexico and Canada to feel betrayed and prompted the vows to avenge their own tariffs.

Canadian Prime Minister Justin Trudeau has already announced that he is corresponding to 25% tariffs at US imports of up to $ 155 billion.

Trudeau reminded the Americans of the long history of the two countries serving together in the 20th century in the 21st century and in the 21st, and reliably reacted the United States to respond to natural disasters.

“The actions taken today by the White House have separated us instead of uniting us,” he said in his message about the new tariffs.

On Saturday, Mexico’s Shainbaum sharply criticized the Trump administration and ordered the tariff plan on Saturday in response.

“We categorically reject the White House slander that the Mexican government has alliances with criminal organizations, as well as every intention to interfere in our territory,” she wrote in a social media publication.

China also denounces the new policy. His Ministry of Foreign Affairs declares that China “excuses and opposes this move and will take the necessary measures to protect its legal rights and interests.”

The Chinese Ministry of Commerce said it would bring a case to the World Trade Organization for “Unlawful Practices of the United States”.

On Monday, Shainbaum agreed to deploy 10,000 members of the Mexican National Guard at the northern border as a deterrent for migrant and drug traffickers, while the United States will pause the rates for Mexico and “will work to stop high -power weapons to Mexico. “

In the meantime, several of the Trump cabinet members will negotiate with “high-level representatives of Mexico” to achieve a more permanent deal, Trump wrote on social media.

If Trump is restoring new tariffs, analysts will monitor Larendo’s port as a bell for the long -term rates of tariffs, public radio in Texas reported. With an average of 20,000 truck intersections a day, this is the largest trade port in the country with its largest trading partner. Traffic through Larendo and Warehouses downstream in San Antonio will indicate how businesses handle these additional costs.

IBC Bank’s senior CEO expects that the Texas economy is unlikely to see the long -term consequences of any rates for Mexico until they have been for more than three months, he told TPR.