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.
WATCH: Maryland carjacking suspect plows toward cops as they open fire
Suspected DUI driver leads cops on wild chase before dramatic takedown on popular California beach
Mamdani Locked in Unexpected War with NY Teachers Union Over Big Bonuses
Tensions erupt in House hearing as GOP advances anti-socialism resolution while Dems rage: ‘Silly season’
Who pays for US power boom? Blue, red states offer starkly different ways to lower utility bills amid AI surge
Fact check: Trump claims no autism cases among unvaccinated Amish children
Breaking: SCOTUS Gives Trump’s Ballroom Construction the Green Light
Bryan Kohberger’s new lawyer says key questions may soon get answers in court
Vance hosts members from Michigan synagogue attack at rally after el Sayed apology
Vance unloads on El-Sayed after Usha swipe with brutal warning: ‘Way out of your league’
Trump’s White House ballroom construction gets another lifeline from SCOTUS amid heated legal fight
The Fight Against Globalism Is Local: Why Americans Are Fighting Flock Cameras and Data Centers
Democratic Socialists of America Embroiled in ‘Civil War’ Over Future as AOC Is Slammed for ‘Consistent Pattern of Opportunism’
Dem Senate Candidate Abdul El-Sayed Attempts to Cover Up His Past Comments About 9/11
New Federal Grand Jury Subpoenas James Comey’s Friend and Adviser: 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.
