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How Mexico tariffs could affect your wallet

President Trump is doubling down on his threat to impose new trade tariffs on Mexico. On Sunday, he tweeted "the problem is that Mexico is an abuser of the United States, taking but never giving." Last week, the president announced an initial five percent tariff on all imports from Mexico, if the country does not stop illegal immigration to the U.S. The first round of tariffs is due to take effect June 10. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss how this could affect American businesses and consumers' wallets.

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U.S.-Mexico tariff talks resume

As he traveled to Normandy Thursday morning, President Trump blamed Democrats and Mexico for the growing number of illegal migrants crossing the southern border. Last month, U.S. border agents made more than 132,000 apprehensions -- the highest monthly level since 2006. That amounts to about 4,000 people per day. The president plans to respond with tariffs on all Mexican goods, despite opposition from his own party and others. Weijia Jiang reports.

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