Top trade advisor Lighthizer opposed the idea.
The Wall Street Journal is reporting that Trump's top trade advisor Robert Lighthizer opposed the Mexican tariffs on the grounds that it could jeopardize the USMCA trade agreement. Apparently Mnuchin also opposed the tariffs as well.
Meanwhile, Canada's Freeland is on the wires saying:
- Question of Mexico-US border is a bilateral issue when asked about possible new tariffs
- Will move in tandem with Mexico and US in ratifying new North American trade deal
So a little of something for everyone in those differing views.
Stocks are not taking it all that well. The Nasdaq index is down -1.18%. The S&P is down -1.03% now.
