US Pres. Trump: Tariff is about stopping drugs as well as illegals

Eren Sengezer FXStreet

U.S. President Trump, via Twitter, argued that companies will leave Mexico in order not to pay tariffs.

"In order not to pay Tariffs, if they start rising, companies will leave Mexico, which has taken 30% of our auto industry and come back home to the USA. Mexico must take back their country from the drug lords and cartels. The Tariff is about stopping drugs as well as illegals!"

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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