Mexican President Preparing List of Retaliatory Tariffs

June 5, 2019 Share Print 0

Mexican President Andres Manuel Lopez Obrador has received an official list of U.S. products that could be subject to retaliatory tariffs if across-the-board duties threatened by the Trump administration take effect, officials said on Wednesday.

U.S. President Donald Trump has pledged to apply a first round of tariffs on all Mexican imports next week if Lopez Obrador’s government does not stem the flow of mostly Central American migrants seeking entry into the United States.

Four sources familiar with the situation, who asked not be identified, citing the sensitivity of the matter, said the list was with Lopez Obrador’s office. One source said the president’s office had not taken a decision on the list.

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.