On a call this morning the Mexico tariffs were discussed.
A few takeaways:
The tariffs proposed last night were metered and tiered with planned dates with amounts between 5% - 25%. It is worth noting that Mexico is working with the US to stop any development on the threatened tariffs. However, also noted: Mexico is puzzled at "the best way to show immediate progress to combat the tariffs."
This approach is different from the last, and that has caused alarm.
Does this cancel NAFTA? In the short term, no.
- Chad Hagan
