Mexico, Trump
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The U.S. ends a nearly 30-year-old trade agreement with Mexico this month. Here's how it could impact the cost of this kitchen staple.
Slowing exports to China helped the deficit to balloon as the value of items shipped from Mexico to China declined for a second consecutive year.
U.S. trade with Mexico rises to $74B in May; Redwood Logistics opens office in Queretaro, Mexico; and Franke Group opens production plant in San Luis Potosí, Mexico.
The move comes amid a separate push by President Trump to increase tariffs on dozens of U.S. trading partners, including Mexico, which was told over the weekend to expect 30% tariffs starting in August.
U.S. President Donald Trump said Tuesday that a trade deal with Indonesia was reached to set 19% tariffs on its U.S. exports.