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.
Susie Wiles reveals brutal toll of fighting cancer while running Trump’s White House
Woman found dead with unexplained trauma in Central Park as NYPD searches for answers
John Fetterman accidentally calls himself a ‘lifelong Republican’ at Texas Tribune Festival
University Scrubbed Pentagon-Funded Professor’s Ties to CCP: Report
SCOTUS Climate Suit Could Devastate Family Farms, Give China and Russia an Edge: Expert
Ozempic Maker Teams Up with Big AI for New Drug Development
Breaking: ‘They Were Looking to Do Big Damage’ – Trump Speaks Out on Terror Plot as Photo of Suspects Goes Viral
Texas voters have plenty to say about whether Lone Star State could turn blue
‘Palestinian Rachel Dolezal’: Woke Activist Exposed for Faking Black-Arab Racial Identity – She’s White
Texas clinic owner convicted in $26M military health fraud tied to gold-plated Cybertruck
Trump DOJ Sues California City for Jacking Up Gun Permits, Pricing Citizens Out of Their 2A Rights
Irish PM rejects antisemitism concerns in Ireland amid dramatic vote over boycotting Israel game
Tim Tebow Announces He’s ‘Pausing’ Relationship with Christian Group Targeted by Liberal Reporter
Trump Terminates ‘Ridiculous’ Biden-Buttigieg EV Mandate with Sweeping New Fuel Standards
Trump’s Greenland obsession isn’t random. Here’s what’s at stake
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.
