The current trade tensions with China are headlining, but there’s a new wrinkle: the proposed tariffs with Mexico, which threaten to disrupt large U.S./Mexico supply chains and derail the U.S.MCA. On May 30, President Trump tweeted: 

The U.S. imports $345 billion from Mexico and exports $245 billion to Mexico. The overall trade is fluid, with automobile parts and manufacturing crossing back and forth. It is estimated that about one-third of the value of a U.S. vehicle is from production in Mexico.

Read the full blog post by Leon LaBrecque on Forbes.com here: https://www.forbes.com/sites/leonlabrecque/2019/06/06/tariff-cession-will-trade-wars-trigger-a-recession-sooner/#21ece02f2567

 

View Leon LaBrecque's Forbes contributor profile and other blog posts here: https://www.forbes.com/sites/leonlabrecque/

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Image is Getty from original post.