Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

U.S. Chamber of Commerce mulls challenge of Trump tariffs on Mexican goods

Published 05/31/2019, 12:32 PM
Updated 05/31/2019, 12:32 PM
© Reuters. Trucks are seen before arriving at a border customs control to cross into U.S. at the World Trade Bridge in Nuevo Laredo

(Reuters) - The U.S. Chamber of Commerce is looking at ways to challenge U.S. tariffs on Mexican goods, including legal options, an official with the influential business lobbying group said on Friday as a broad swath of industries reeled in response to a plan announced by U.S President Donald Trump on Thursday.

Trump said he will introduce punitive tariffs on June 10 if Mexico does not halt the flow of illegal immigration from Central America to the United States, statements that battered Mexican financial assets and hurt stocks worldwide.

The chamber is exploring legal questions and keeping options open, said Neil Bradley, executive vice president and chief policy officer at the U.S. Chamber of Commerce.

"We have no choice but to pursue every option available to push back," Bradley told reporters on Friday.

Other industry groups have also slammed the move, saying it would cost American businesses, farmers and consumers who have already been bearing the brunt of a separate, lingering U.S. trade dispute with China.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.