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.
Trump Says Ceasefire Has Been ‘Violated Numerous Times’ as Iran Threatens to Deploy ‘New Cards on the Battlefield’
‘Traitor’ Dem senator ripped after one-word reaction appears to cheer on Iran
Alert: 26 Christians Kidnapped in 8 Days by Muslims Fulani Terrorists in Nigeria
Hiker identified, popular trail closed after deadly fall at Utah’s Zion National Park
Byron Donalds cracks down on persistent border blind spot leaving US vulnerable to overstays
DOJ Reveals How Biden Weaponized the Government Against Anti-Abortion Activists
Suspect allegedly guns down deputy in ambush during routine call that rocked quiet town, police say
Trump Names New Acting Labor Secretary as Chavez-DeRemer Resigns
Ex-Trump ally MTG slams both sides of the political aisle: ‘Nothing ever changes’
Dem hopeful who co-founded Joe Rogan’s favorite jeans under fire for ‘Made in America’ claim
What to watch as Virginia voters decide high-stakes redistricting referendum
Trump pleads with Virginians to ‘just vote no’ on redistricting measure in telerally call
Another Democrat exits California’s crowded gubernatorial race weeks before the June 2 primary election
Chinese national arrested at JFK after allegedly photographing US military aircraft at Nebraska base
Louisiana Mass Murderer Who Killed 8 Children Previously Got Probation for Firing Gun Toward a School: Report
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.
