President Donald Trump shocked not only the international community but Congress, as well, when he announced new tariffs on Mexico in an attempt to halt illegal immigration at the U.S. southern border.
Now, the markets are showing signs of trepidation.
Trump has said that starting June 10, the United States will be implementing a 5% tariff on all imports from Mexico. These newest rounds of tariffs are reportedly in response to the largest illegal immigration crossing at the El Paso border earlier this week, where a group of over 1,000 migrants illegally crossed the border. (RELATED: Here’s How Mexico Could Respond To Trump’s Tariff Threat)
The tariffs are projected to increase incrementally each month by five percentage points until reaching a 25% tariff on Mexican imports by October if Mexico fails to better address illegal migration into the United States.
Tune in to see how this is projected to affect United States border security.
Check out more of Caitlin McFall’s reports and the new series, The Daily Caller Explains.