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GSC - The Mexican Surprise And Lots Of Volatility On The Horizon
Goldman Sachs Group, Inc. ZC SP REDEEM 08/05/2037 USD 50 - Ser B
On June 10, the world will find out if President Trump's announcement on May 31 that he would be slapping tariffs on Mexican exports to the United States was a bluff or the real thing. The tariffs are supposed to go into effect this week at 5% and will rise by 5% each month. Eventually, the markets could be facing a 25% tariff on all Mexican exports to the US.
While immigration and the flow of drugs across the Mexican-American border is an issue, both countries benefit from the flow of goods across the extended