As expected, the Trump Administration levied tariffs against Canada, Mexico, China, etc. The short-term result? Gold is stable, Bitcoin fell. Or as Gene Autry sang, “South of the Border (Down Mexico Way)”.
The stock market? Down -1.53%.
And then we have the doom porn about Mexico’s “impending” collapse. The Peso is declining, and Senator Chuck Schumer is getting hysterical about Mexican exports to the USA for Super Bowl Sunday. He incorrectly claimed that most beer is imported from Mexico and avacados for guacamole. Avacados are also grown in the USA, Peru, etc.
Bear in mind that Mexico is like California where the Left holds a supermajority. Hence, Mexico employs destructive economic policies (it could only be worse if California Governor Gavin Newsom was President of Mexico. But Mexico’s impending collapse is years in the making and Trump’s tariffs were only the last nudge over the cliff. Mexico COULD try to get control over the drug and human trafficking cartels, stop illegal immigration and stop the flow of fentanyl.
