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.
Mixed support from black voters threatens el Sayed’s Michigan Senate hopes
Trump plays nuclear poker with Kim Jong Un — but who holds the cards?
DOJ silence in major gun cases tests Second Amendment advocates’ trust in Trump
Fetterman aligns with Trump on AI push, warns China benefits from US ‘overreaction’
Bear crashes couple’s anniversary getaway, rummages through Tennessee tea shop before jumping on counter
Police make arrest after gunfire during California high school football game leaves 1 dead
Connecticut police officers shot, suspect killed after attempted arrest sparks hectic chase
‘Will Come Back to Bite You’: Top Official Asked Fauci for Vaccine Side Effect Study – Email
Breaking: Judge Slaps Down Karmelo Anthony’s Bid for New Trial
Nancy Kassebaum Baker, trailblazing GOP senator who broke barriers for women in Congress, dead at 94
Judge denies Karmelo Anthony new-trial bid after ex-lawyers detail dispute that kept him from testifying
Judge denies Karmelo Anthony’s bid for new trial after ex-lawyers detail dispute that kept him from testifying
Federal judge blasts Rubio’s 75-country visa freeze as ‘Orwellian,’ strikes down policy
Nashville hospital medication error leaves at least 1 patient paralyzed after routine surgery, 3 others hurt
Kalshi and prediction markets experience explosive growth, but also new legal challenges
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.
