Mexico is imposing a retaliatory 20% tariff on pork imported from the US. Does this include the pork produced by Chinese owned pork farms? Does this mean more bacon for us? It appears that our President can negotiate a deal for the benefit of the people on multiple levels at the same time. Who knew it would be so easy to make America great again?
David DeGerolamo
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Peso Plunges After Mexico Announces Retaliatory Tariffs Against US
The Mexican peso tumbled on Tuesday after Mexico announced that in retaliation to Trump’s import tariffs on steel and aluminum, it would impose a 20% tariff on U.S. pork imports.The greenback was trading at 20.25 pesos per dollar, up 0.9% on the day and at its highest levels since February 2017.
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Too bad it’s so dangerous to vacation there now. Imagine going there with $1000.00 in your pocket?
Turning into the Philippines. We can only hope that their currency continues to tank. Maybe then they will realize that negotiation is the smart move.