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Last Friday, President Trump announced tariffs of 5% on Mexican goods starting June 10th with an increase of 5% each month (capped at 25%) until Mexico takes steps to curb illegal immigration to the United States.

The announcement is silent on the treatment of tariffs for NAFTA goods, most likely the 5% would apply to all goods, whether NAFTA eligible or not.

The full release can be found here and more news will be posted as available.