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Giving Compass' Take:
• Geoffrey Gertz at Brookings reports on the Trump administrations Mexico tariffs and discusses 6 things to know about this announcement.
• How can funders help to build productive immigration/tariffs conversations?
• Is U.S.-Mexico cooperation on migration possible? Click here to find out.
Thursday evening, the Trump administration announced a new plan to increase tariffs on imports from Mexico. On June 10th, the U.S. will begin implementing a 5 percent tariff, which will increase to 10 percent on July 1st, and then increase by an additional 5 percent each month after that up to 25 percent. The tariffs will remain in place “unless and until Mexico substantially stops the illegal inflow of aliens coming through its territory.” It’s not clear what specific steps the U.S. would like Mexico to take, but it seems extremely unlikely the Mexican government could immediately end unauthorized immigration through its country.
Here are six things to know about this announcement:
- It might not happen.
- If it does happen, it will be costly—for both Mexico and the United States.
- It’s going to upend Trump’s efforts to ratify the U.S.-Mexico-Canada trade agreement (USMCA).
- It further blurs the line between trade and national security.
- It could signal a significant escalation in U.S. protectionism.
- It shows foreign leaders not to trust the Trump administration.
Read the full article about Trump's Mexico tariffs by Geoffrey Gertz at Brookings.