United States

While the White House floated, then quickly backed off, a proposal for a 20% tax on Mexican imports to "pay for the wall", in addition to collecting an approximate $10 billion per year in tax revenues, there would be a notable flipside to a tax that would raise prices on Mexican imports by up to 20%, and would immediately affect a wide range of agricultural goods. Mexico exported $21 billion of food and drink north of the border in 2015, according to data from the U.S. Department of Agriculture, making Mexico the 2nd largest supplier of agricultural imports to the US.

(For those who wish to skip the wonkish intermediate steps and analysis, please proceed straight to the conclusion)

Submitted by Tim Price via SovereignMan.com,

On March 30, 1999, the Wall Street Journal’s front page headline blasted the good news across the world:

“Dow Industrials Top 10,000”

The day before, the all-important US stock index, the Dow Jones Industrial Average, closed above 10,000 for the first time in history.

It was a major milestone, and investors cheered.

Ahead of her meeting with Trump tomorrow, British Prime Minister Theresa May joked that "opposites attract" and called on the US President to renew the "special relationship" between Britain and the United States and lead in a new, changed world. In the United States for what will be Trump's first meeting with a foreign leader since he took office last week, May signaled a shift in foreign policy, bringing her position more in line with that of Trump.