Home » Trump vows 5% tariff on all goods from Mexico until the flow of migrants stops

Trump vows 5% tariff on all goods from Mexico until the flow of migrants stops

by The Florida Pundit
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President Donald Trump announced that he will impose tariffs of 5% on all products entering from Mexico, as long as the flow of migrants does not stop.

“On June 10, the US will impose tariffs of 5% on all goods coming from Mexico, until all illegal migrants who come from Mexico stop,” the president tweeted.

https://twitter.com/realDonaldTrump/status/1134240653926232064

The 5% rate will increase until the “problem” is remedied, he added.

If until July 1 the US Administration considers the results insufficient, the tariffs will grow up to 10%. Then, there will be an increase in rates of 5% each month, until reaching 25% in October.

“Mexico has not yet taken steps to dramatically reduce or eliminate the number of illegal aliens crossing its territory into the United States,” the White House said in a statement.

The White House said that tariffs will remain high and US companies located in Mexico could return to the US. to manufacture its products and goods if Mexico does not act.

“Companies moving to the US will not pay the rates or be affected in any way,” the White House warned.

Trump plans to make the announcement on Friday, but some advisers to the White House are trying to convince him not to do so, arguing that such a threat would affect financial markets and could jeopardize the approval of the UMSCA trade agreement.

Mexico’s Undersecretary for North America, Jesús Seade, responded to Trump’s announcement by stating that if the US imposes new tariffs on Mexico, the country will respond “energetically”.

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The Florida Pundit
Stay up to date on the latest Florida political news and developments with our comprehensive coverage of Florida politics. Get the inside scoop on key issues, election updates, and expert analysis from leading political pundits in the state.