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RSP - Tariff Threats To Mexico And China Send Stocks Down In May
Invesco S&P 500 Equal Weight
On Friday, the 10-year Treasury bond yield collapsed to 2.13% (a 20-month low) after the stock market sold off in the wake of the surprise tariffs imposed on Mexico, to be enacted on June 10th if the Mexican government does not sufficiently cooperate with the Trump Administration to help stop the flood of illegal immigrants into the U.S. I expect that Mexico will cooperate to avoid the tariffs, since Mexico is led by savvy business people who do not want to jeopardize their lucrative trade deals with the U.S.