Understanding Tariffs: Border Security and Trade Deficits

A global trade war may be on the horizon, as the Trump tariffs on Canada, Mexico, and China have been signed and are set to take effect on Tuesday.

However, on Monday morning, Mexico was the first to cave to President Trump’s demands. The President confirmed on social media that our tariffs on Mexico would be paused for 30 days after they agreed to send 10,000 troops to secure their side of the southern border.

The Big Money Show co-anchor Taylor Riggs spoke to chief market strategist at SlateStone Wealth, Kenny Polcari, about the trade negotiations to come, worries this could reignite inflation, and Trump's early success in getting Mexico to remedy border issues.

Photo Credit: AP

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