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Masthead Weekly 05.31.19

If you can’t keep up with the trade war, you’re not alone. Fortunately, the Ideas writer Annie Lowrey is here to catch you up on what’s been a dizzying 24 hours for the global economy. We’ll also get you a jump on next week’s news, with previews of a few big stories to come. (Who’s ready for the Women’s World Cup? Probably not Julian Assange. Confused? We’ll explain.) And we share what's new in the Masthead community. Read on.

What to Know: Tariffs on Goods From Mexico

By Annie Lowrey

What we're watching: I feel like I have written this sentence a thousand times since Donald Trump became president, but here goes again: The trade war is heating up.

This week, Trump tweeted that the United States would impose a 5 percent tariff on all goods from Mexico “until such time as illegal migrants coming through Mexico, and into our Country, STOP. The Tariff will gradually increase until the Illegal Immigration problem is remedied.” The White House later clarified that the tariffs would be implemented at 5 percent on June 10, bumped up to 10 percent on July 1 “if the crisis persists,” and then worked up to a maximum of 25 percent.

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