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.
Iran, Uranium, and Epic Fury: All You Need To Know About The Iranian-U.S. Conflict
Blackmon: Drill, Baby, Drill Makes Modest Comeback
NBA Player Jaden Ivey Seen Street Preaching After Stand for Biblical Marriage
Victor Davis Hanson Breaks Down Why US Must Rethink NATO Strategy
Conservative group launches $5M ad blitz pressuring Senate on voter ID as GOP eyes SAVE America Act push
Trump orders a blockade in the Strait of Hormuz as tensions with Iran soar
Dave Ramsey Said No – As Usual – But One of The Backstreet Boys Made Her Dream Come True Anyway
Athena Strand’s killer FedEx driver’s split personas, defense scream ‘manipulation,’ not madness: expert
Judge Boots PETA Suit Designed to Do Away with Dachshund, Pug, Bulldog, and Other So-Called ‘Deformed’ Breeds
Ex-Biden staffer claims accidental shot killed girlfriend as dad blasts toxic, abusive relationship: report
Appeals court says federal judge must reconsider blocking WH ballroom, weigh national security concerns
Carney casts himself as NATO defender amid Trump beef, despite Canada missing key benchmark for decades
Report: China Supplying Iran with Anti-Aircraft Weapons to Aid in Fight Against US
Scott Presler’s pressure campaign fuels GOP SAVE America Act standoff
Conservative Journalists Obtain Files on Charlie Kirk Murder from Utah Valley University
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.
