President Donald Trump poured cold water on the idea that the U.S. and Mexico might reach an agreement by the end of the week that would avoid a 5 percent tariff going into effect on Mexican imports.
“I think it’s more likely that the tariffs go on,” Trump said at a press conference during a state visit to London.
Trump’s comment was in stark contrast to the hopeful comments from Mexican officials that an agreement would be reached.
“I think that we have 80 percent in favor of a negotiation [that would stop tariffs from being implemented], 20 percent that maybe it’s difficult to reach an agreement,” Mexican Foreign Minister Marcelo Ebrard said Tuesday at a press conference at the Mexican Embassy in Washington. “I’d suppose that the imposition of tariffs can be avoided.”
Last week, Trump made a surprise announcement that the U.S. would initiate a 5 percent tariff on imports from Mexico unless Mexico does more to stop the cascade of people from Central America crossing its territory to reach the U.S. Trump said the tariffs would kick-in on June 10 and rise 5 percent per month, reach 25 percent by October.
Breaking: Musk’s SpaceX Catches Its Own Starship Falling Back to Earth in Historic First
Officials Shocked as Tanker-Cruiser Crash Ends in ‘Literal Miracle on the Mississippi’ with No Fatalities
Dem Hecklers Scream ‘Traitor’ at Hakeem Jeffries for Not Impeaching Trump Fast Enough as He Gears Up to Become House Speaker
Johnny Depp Defeats Cancel Culture as ‘Ebenezer’ Storms to Number 1 in Triumphant Box Office Return
‘We Know It’s a Bomb’: Peoria Orders Immediate 1-Mile Evacuation After Device Found at Ethanol Plant
Hamas Faces Down Its Own Massacre as Eric Trump-Backed Company Mulls Deploying 1,000 Robot Soldiers in Gaza Terror Tunnels
FN4220H8 title
FN4220H7 title
At least 100 people pulled from Mississippi River after New Orleans ship crash as lengthy salvage effort looms
Investors push for Jensen Huang to be reinstated as Nvidia CEO after affair with suspected spy
Minneapolis ‘Clan Violence’ Targets Scholar Who Exposed Ilhan Omar’s Father as Colonel in Bloody Regime, Forces Him to Cancel Visit: Report
Mamdani Vowed for Accountability in Catastrophic Building Collapse That Killed 8 – New Report Points the Finger at His Own Admin
Justice Alito warns America must preserve 3 core principles regardless of country’s ‘atmosphere’
White House lawyer’s hardball warning to Dems has legal experts on both sides questioning one key threat
Dems seize on midterm rout to demand ICE reform but polls reveal a twist in who prioritized immigration
On Tuesday in London, Trump reiterated those plans. He also said that he did not think Republican lawmakers on Capitol Hill would act to block the tariffs, saying it would be “foolish” to do so.
Trump has told close aides in similar situations that he thinks it is often necessary to apply tariffs first and negotiate deals afterward in order to prove he is not bluffing. He sees tariffs as motivating other countries that want access to U.S. consumers to make concessions in negotiations.
Story cited here.
