Trump wall, news by Hebei Longsheng
| The Trump administration has threatened to impose tariffs of 5% on all Mexican exports from Jun. 10 – rising by 5% points on the first of each month – if Mexico does not tackle rising northbound migration. Panjiva’s analysis shows each 5% tariff rate will cost U.S. importers $17.3B annually. The largest sector facing tariffs is autos with $82.5B of imports in 2018 led by GM ($17.3B), Fiat-Chrysler and Volkswagen. Energy imports by Pemex were worth $18.6B. The tech hardware sector includes Foxconn ($14.3B), Wistron ($4.3B) and Jabil Circuit ($3.2B). Other sectors with a significant exposure include food/beverages, capital goods, healthcare and metals. |
