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.
Federal court upholds Texas law requiring Ten Commandments in public classrooms
DOJ says Southern Poverty Law Center funneled $3M+ to white supremacist and extremist groups
Trump and DeSantis Discuss Appointment to Key Administration Position: Report
Rep. Luna calls for GOP ticket of JD Vance and Marco Rubio in 2028
‘ICON’: Biden DOJ officials privately fawned over Fani Willis as they coordinated on Trump investigation
BREAKING: President Trump Makes Major Announcement About Upcoming Attack on Iran
High school counselor pleads guilty to multiple sex crimes involving teen she was meant to help
Trump says China tried to send ‘gift’ to Iran, undermining his ‘good relationship’ with Xi
Americans among injured at shooting caught on video at tourist hot spot in Mexico
Left-wing group chases proof of Kash Patel’s alleged ‘excessive drinking’ as Dems eye FBI director’s ouster
Omar ducks questions as scrutiny grows over filings that slashed her reported wealth by millions
Breaking: Democratic Rep. Sheila Cherfilus-McCormick Resigns, Blames House Ethics Committee
Epic: Chip Roy’s ‘MAMDANI Act’ Targets Marxist, Islamist Fanatics with Deportation, Calls Out Radicalism in Immigration
Dark money floods Virginia ahead of redistricting vote that could hand Democrats House edge
US falls behind in hypersonic race as China, Russia gain edge
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.
