At the end of a month marred by heightened trade tension between Washington and Beijing that caused the stock market have its worst May since 2010, U.S. President Donald Trump fired off a tweet that threatened Mexico with a 5% tariff on all imports commencing Monday, June 10, to curb illegal immigration.

The market promptly sold off on the Mexican tariff threats but quickly recovered in early June as the Federal Reserve indicated it was prepared to do what’s necessary – aka reduce interest rates – to offset the risks of ongoing trade conflicts to ensure continuing economic expansion. The positive sentiment continued Monday after Mexico agreed on Friday to increase efforts to reduce the flow of illegal migrants.

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