June 7, 2019 – Last week, President Donald Trump announced in a tweet that he would start imposing a 5 percent tariff on goods from Mexico and would increase the tariff each month (with a cap at 25 percent in October) until Mexico stems the tide of migrants. Governor Lujan Grisham called it a potential economic catastrophe for our state, saying tens of thousands of jobs in New Mexico would be threatened. The tariffs are set to go into effect Monday, June 10, unless they are somehow prevented or postponed. Gene Grant and the Line opinion panelists weigh in on the tariffs’ potential consequences – and whether they might have an effect opposite to what the president has in mind.
Eric Griego, former NM state senator
Kristelle Siarza, CEO, Siarza Social Digital
Diane Snyder, former NM state senator
Harry Van Buren, professor in the UNM Anderson School of Management
For Further Reading:
New Mexico Faces ‘Catastrophic’ Blow if Tariffs Are Levied on Mexico – by Hiram Reisner, InsideSources
GOP senators hope Trump is bluffing on Mexico tariffs so they don’t have to block them – by Jacob Pramuk, CNBC