U.S. banks brace for possible Mexico trade war

American Banker – U.S. community banks would be worst hit if President Trump’s threats to upend the North American Free Trade Agreement or impose a 35% tariff on Mexican imports sparks a trade war. Lenders in the U.S. farming heartland and across Texas and California could face big losses if Mexico were to slap retaliatory tariffs on U.S. grains to counter Trump’s protectionist policies, several bankers and analysts said.


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