Mexico expects a recession if tariffs move forward

The Mexican economy will likely slip into recession this year if U.S. President Donald Trump follows through on a threat to impose tariffs on Mexican exports to the United States, a Reuters poll of market analysts showed on Wednesday.

Last week, Trump vowed to slap escalating tariffs of 5% from June 10 on all goods from Mexico if the latter does not stem a tide of migrants from Central America crossing the U.S. border.

Reuters polled 17 economists and financial market analysts on whether Latin America’s no. 2 economy faced recession, having already contracted in the first . . .