• Mexican economy minister: impact of tariffs would hit all 50 U.S. states

Market news

4 June 2019

Mexican economy minister: impact of tariffs would hit all 50 U.S. states

Mexico’s Economy Minister Graciela Marquez said that the tariffs U.S. President Donald Trump has threatened to place on Mexican exports would impact all 50 U.S. states and harm value chains, consumers and trade-related jobs in both nations.

In a joint statement with Marquez and other senior government officials, Agriculture Minister Victor Villalobos said the proposed tariffs would cause total economic damage to the agriculture sector of $117 million per month in both countries. Villalobos did not specify at what level of tariffs this damage would occur.

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