US Presidential Candidate Donald Trump has announced that he would impose tariffs on Mexico if it fails to stop migrants from crossing the shared border. Trump claims that the current situation is an "invasion" and threatens to impose tariffs ranging from 25% to 100% on goods imported from Mexico. This move could have significant economic implications, with the US-Mexico trade standing at $855.1 billion in 2022. Economists warn that increased tariffs would exacerbate the cost of living crisis.
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