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Trump vows to impose 5% tariff on Mexico unless illegal immigration ends

The announcement rattled investors who feared that worsening trade frictions could hurt the global economy

Reuters  |  Washington 

President Donald Trump, incensed by a surge of illegal immigrants across the southern border, vowed on Thursday to impose a tariff on all goods coming from Mexico, starting at 5% and ratcheting higher until the flow of people ceases. Trump's move dramatically ramped up his battle to control a tide of immigrants that has swelled despite his efforts to build a border wall and halt the thousands crossing from Central America through Mexico to the U.S. border. The president's decision, abruptly announced on Twitter and in a subsequent statement, was a direct challenge to ...

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First Published: Fri, May 31 2019. 09:36 IST