The #tech industry is worried about #trump’s Mexico tariffs
May 31, 2019 | Uncategorized
Over the past year, trade relations between the United States and China have continued to strain under increased tariffs imposed by the Trump administration. Now, President Trump is shifting his focus toward Mexico, another of the US’s top trade partners, and consumer tech groups are worried.
On Thursday, Trump announced that he plans to impose a 5 percent tariff on all imported goods from Mexico as a direct response to the number of unauthorized immigrants who are arriving in the United States via the southern border. The tax will go into effect on June 10th and increase each month, reaching a maximum of 25 percent in October, unless Mexico finds a way to deter illegal migration across the US southern border.
In statements on Friday,…
