Stocks

Businesses warn Trump of consequences of new Mexican tariffs

In a surprise announcement that could derail a major trade deal, President Donald Trump has announced that he is placing a 5% tariff on all Mexican imports, effective June 10, to pressure the country to do more to crack down on the surge of Central American migrants trying to cross the U.S. border.

Business Highlights

___ Why the US economy may have already peaked for the year WASHINGTON (AP) — The U.S. economy grew at a solid 3.1% annual rate in the January-March quarter — a pace that will likely prove to be the high-water mark for the year before growth weakens in the coming months.