Trump's Mexico tariff threat worries US farmers already hit by China trade war

President Donald Trump’s threatened 5% tariff on all Mexican imports could hit American farmers especially hard if Mexico
retaliates with punitive duties on U.S. agricultural products. Farmers
are already reeling from Trump’s drawn out trade war with China and fear
further losses could be in their futures.

Jobs Report Is Weak, With Gain of 75,000; Unemployment Rate Still 3.6%

The latest report was a disappointing
showing that will stoke fears the economy is softening as the Trump
administration’s trade war with China and potentially Mexico escalates. The
Federal Reserve has signaled that it would consider a rate cut in the
event of economic weakness, and May’s data is likely to be an important
factor in their decisions.

President Donald Trump Imposes 30% Tariffs on Solar Panels

In the biggest blow he’s dealt to the renewable energy industry yet,
President Donald Trump decided on Monday to slap tariffs on imported
solar panels.
The U.S. will impose duties of as much as 30 percent
on solar equipment made abroad, a move that threatens to handicap a $28
billion industry that relies on parts made abroad for 80 percent of its

Fed Cuts Interest Rates for First Time Since 2008 Crisis

The Federal Reserve cut interest rates
for the first time in more than a decade on Wednesday as it attempted to
guard the record-long economic expansion against mounting global risks. The
widely expected quarter-point move, the Fed’s first since it cut rates
to near zero in 2008, is meant to protect the economy against the
potentially harmful effects of a growth slowdown in China and Europe and
uncertainty from President Trump’s trade war.