Trade agreements

U.S. banks brace for possible trade war with Mexico


Community banks, which could be the hardest hit if economic tensions between the U.S. and Mexico escalate into a tariff battle, are urging policymakers to refrain from rash action, and big banks are already trimming exposures.


Trump's anti-Mexico policies threaten Citibanamex, revive divestiture talk


The president’s vow to impose a 20% tax on Mexican imports could make life harder for the Citigroup-owned unit, which is Mexico’s second-largest bank.


Bankers grapple with Trump's 'America First' trade agenda


Bank CEOs have recently raised red flags about the president's protectionist rhetoric, including his proposals to tax imports from China and Mexico. The concerns have arisen as import-export financing is already facing headwinds.