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Here’s what you need to know about President Trump’s moves to impose import penalties on Mexico:

• In a series of tweets, Trump on Friday defended his decision to impose tariffs on Mexico to try to stop a surge of migrants across the border.

• Mexico’s foreign minister rushed to Washington to try to broker a diplomatic solution — but said on Twitter that the U.S. move is “unfair and does not make economic sense.”

• Global markets opened down Friday, especially automobile stocks.

• Lawmakers and Trump’s top economic advisers are urging Trump to exercise caution and business groups are warning of price increases on consumer goods.

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President Trump on May 30 vowed to impose a 5 percent tariff on all goods coming from Mexico unless it stopped the flow of illegal immigration to the U.S. (Reuters)

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Click the link below for the article:

https://www.washingtonpost.com/business/2019/05/31/lawmakers-express-alarm-trump-forges-ahead-with-mexico-tariffs/?noredirect=on&utm_term=.5372a39dbb5b

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