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Billions at stake between US and Mexico

Wednesday, June 5, 2019

About $26 billion in farm and food goods moved north to the U.S. from Mexico in 2018, while $19 billion in such items traveled south to Mexico, according to lender CoBank ACB.

Donald Trump has threatened to impose 5 percent tariffs on imports from Mexico starting on June 10, rising to 25 percent in October if the country doesn’t meet his immigration demands. The cost to U.S. importers could be $6.5 billion, Bloomberg reports.