Mexico will refrain from a tariff on corn, fearing that livestock would starve on its farms. And while it could seek to retaliate through its financial system, for example by taxing or restricting payments to America, it will be wary of triggering damaging penalties on Mexican banks.

While the US president managed to assert dominance by imposing these tariffs on other nations, the repercussions will be felt within the United States as well. Challenges are bound to increase for wor

President Trump announced sweeping tariffs on goods imported from Mexico, Canada and China, triggering a trade war and raising fears about consumer costs.