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The Trump administration announced on May 30 a plan to raise tariffs on Mexican imports, starting at 5% on June 10 and rising to 25%. The tariffs would stay until Mexico substantially stops illegal migration, and the administration would have discretion to decide compliance.
Brookings noted that about 80% of Mexico's exports go to the U.S. and that Trump has often delayed or dropped similar measures.
If implemented, tariffs on about 80% of Mexico's exports would cut Mexican demand for U.S. and other imported feed and food goods. Uncertainty over whether they take effect could keep buyers cautious and pressure trade-exposed commodities.
brookings.eduGeoffrey GertzMay 31, 2019After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
