It plunges the relationship between the United States and its second largest supplier of imports into jeopardy. Multinational companies have for decades relied on the ability to freely transport goods between the United States and Mexico. The United States could be looking at an "earnings recession that could flow through to an economic recession," Hodge said. Jobs, jobs, jobs: America's booming labor market may have nowhere to go but down. India called the move "unfortunate" but said it would continue to seek strong economic ties with the United States.

Source: CNN June 02, 2019 11:39 UTC