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Director of Research Carmel Wellso explains what the latest front in global trade wars means for investors.
The bull in the china shop is back at it. On Thursday, President Trump tweeted that he will impose a 5% tariff on all goods imported from Mexico until the flow of illegal immigrants into the U.S. ends. The tariffs are set to take effect June 10, and escalate by 5% every month up to a maximum of 25%.
As rattling as the news is, we do not believe broad support exists in Washington,