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President Trump said tariffs on Mexico will be doubled immediately if the country does not stop migrant caravans, escalating trade pressure on one of the largest U.S. trading partners. The threat implies existing levies on Mexican goods could rise sharply, though the tweet did not specify the current rate or a deadline. Markets will watch for formal guidance from the White House and any response from Mexico's government, with the peso and cross-border supply chains most exposed.

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Named in this story

Mexico, Donald Trump