Friday, May 31, 2019

President Trump announces tariffs on Mexico over immigration

'President Trump on Thursday announced new tariffs on Mexico in an effort to pressure the country to halt the flow of migrants from Central America, a dramatic escalation of his hard-line border policy that could jeopardize a pending trade deal with Canada and Mexico.
Trump said in a pair of tweets that the U.S. will impose a 5 percent tariff beginning June 10 on all Mexican imports “until such time as illegal migrants coming through Mexico, and into our Country, STOP,” a goal that has never been achieved in recent history.
On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP. The Tariff will gradually increase until the Illegal Immigration problem is remedied,..
— Donald J. Trump (@realDonaldTrump) May 30, 2019
The tariff will increase by 5 percent each month until it reaches 25 percent “unless and until Mexico substantially stops the illegal inflow of aliens coming through its territory,” the president said in an unusual, 1,004-word follow-up statement distributed by the White House.
Trump teased the announcement earlier Thursday, saying he would be making a “big league statement” that would include a “very dramatic” move regarding the U.S.-Mexico border. Trump last month threatened to slap tariffs on Mexico or close the border, but described his threat as a “one-year warning.”
Read the rest of the story HERE.

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