Dear Client: Yesterday evening, several outlets reported comments from president Trump that he plans to levy a 5% tariff on imported goods from Mexico starting June 10. It's punitive: The New York Times reported Trump's intent to "gradually increase" the tax "until the flow of undocumented immigrants across the border stopped." Apparently, unless that is curtailed, CNN added The White House's intention to increase the tariff increment by 5% each month "until it reaches 25% in October." Naturally, some beer
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