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Afternoon Note

Tweet Rocked The Market

By Charles Payne, CEO & Principal Analyst
5/31/2019 1:47 PM

The Tweet that rocked the market came last night.

Donald J. Trump

On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP. The Tariff will gradually increase until the Illegal Immigration problem is remedied…

Today’s 2.7% move in the US Dollar versus the Mexico Peso mitigates the cost of potential tariffs.   

The costs from tariffs are spread out and everyone pays.

China & Mexico

United States

In 2018, US goods imports from Mexico tallied $346.5 billion, +10.3% from 2017, +60.5% since 2008, and up 768% from 1993 (pre-NAFTA).

2018 Top US Imports from Mexico

Today’s biggest losers

I don’t think Trump will go through with his threat, but its plausible. 

Have a great weekend.


Comments
No matter what they say....”it’s always about money”

Trump made a decision, only time will tell, but Mexico and our Congress left him no choice....
It’s a Street Fight, there are no rules....

Neil Feuer on 5/31/2019 2:37:34 PM
 

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