President Donald Trump has trumpeted the robust US economy, but hitting all products from Mexico with 25 percent tariffs threatens to undercut growth and undermine key American industries, economists warn. Trump announced the tariffs on Thursday night, which would start at five percent on June 10 and rapidly increase to pressure the Mexican government to clamp down on the flow of migrants from Central America to the southern US border. “If maintained, the tariffs would reduce US GDP growth by at least 0.7 (percentage point) in 2020 and likely push Mexico into a recession,” Gregory Daco of Oxford Economics said in a research note.
