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DOG - U.S. Struggles To Build Physical Wall Tries Tariff Wall On Mexico
ProShares Short Dow30
Overview: The US announcement to lay a 5% tariff on all goods coming from Mexico (starting June 10) until it stops the flow of "illegal migrants" spurred sharp losses in the Mexican peso and general risk-off move that strengthened the yen. The tariffs are set to rise every month until reaching 25%. This is a significant surprise and especially given that the Trump Administration is preparing to formally submit the USMCA to Congress. The legislative ratification process has begun in both Canada and Mexico. The peso is off about 2.8%, the weakest in the world