They are good news for digital assets but this belief in tariffs indicates a complete ignorance of economic history. I’m sure Donald Trump has never heard the words Smoot-Hawley Act, and certainly has no idea what it caused.
If there are U.S. tariffs, Mexico would also raise tariffs," Sheinbaum said during her regular morning press conference, in her clearest statement yet that the country was preparing possible retaliatory trade measures against its top trade partner.
https://finance.yahoo.com/news/mexico-warns-trumps-tariff-kill-141722756.html
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