Economics
Economists See Growth-Sapping U.S.-Mexico Tariffs Lasting Months
- Central banks seen likely to cut interest rates in next year
- Levies expected to cost U.S. jobs, contrary to Trump assertion
Photographer: Susana Gonzalez/Bloomberg
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Economists see President Donald Trump’s tariffs on Mexican goods denting growth and adding to headwinds that will prompt both countries’ central banks to cut interest rates in the next year.
A slight majority of 27 analysts expect levies on Mexico imports to reach a maximum of 5% or 10%, according to a Bloomberg News survey conducted from Friday to Monday. Most respondents see the fees as short-lived, with 60% saying they’ll be lifted by the end of September.