US President Trump has hiked tariffs on Mexico, as it unfolded here:
Forexlive gave a heads up on the hike in tariffs coming from Trump a couple of hours ago - forewarned is forearmed ladies and gentlemen:
Then the you know what hit the fan a couple of hours later:
- Trump says the US to impose 5% tariff on all goods from Mexico
- Trump intensifies his global trade war, yen crosses on the slide
- The 5 % tariff US President Trump just slapped on Mexico - here's how it will rise to 25% by October
- Mexico says if the US imposes the new tariffs Mexico will respond strongly
- Trump intensifying the trade war, Mexico the target (for now) - MXN collapse
Flows are continuing into yen. CAD and especially MXN have been smashed.
