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President Trump threatened to immediately double tariffs on Mexican goods unless Mexico halts migrant caravans moving toward the U.S. border. The warning, posted on social media, claimed large caravans are forming in the wake of Republican midterm election losses. No specific tariff rates or effective date were given, leaving the scope of the potential escalation unclear. The threat injects fresh trade-policy uncertainty into U.S.-Mexico commercial relations, which had appeared to be stabilizing after the recent USMCA agreement. Investors should watch for Mexico's response and any formal tariff notice, as well as whether the caravans dissipate before the administration acts.

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Named in this story

Donald Trump, Mexico, migrant caravans