are among the companies most sensitive to the newly-proposed tariffs on Mexico imports.
"Escalation of the trade war poses a risk to both corporate profit margins and the health of the US consumer, who will likely absorb the majority of the tariffs via higher prices," Ben Snider, an equity strategist at the bank, said in a note Friday. by October if Mexico does not take action to "reduce or eliminate the number of illegal aliens" crossing into the U.S."...At least the first 5% tariff on imports from Mexico planned for June 10 will be implemented," Snider said. "The combination of proposed tariffs on China and Mexico imports would result in roughly 80% of some U.S. imported products being subjected to tariffs, including toys, cell phones, and other consumer electronics.
Then those could be stocks to buy if they get beaten up enough especially if you think Mexico tariffs are temporary.
youre all forgetting that Mexico and its perishable crops are going to suffer more than we will....
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