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.
Newly Released FBI Records Show Would-Be Trump Assassin Thomas Crooks Had Biden Material on His Device
Breaking: FAA Issues Ground Stop at All Airports ‘Due to Extraordinary Circumstance’
Push for new Democratic leadership overshadows celebrations at Denver confab
Tanker slams into docked New Orleans river cruiser carrying 129 passengers, sparking rescue
Rep Lauren Boebert projected to lose House seat in another Democratic flip
Former CIA Director John Brennan’s son arrested after FBI uncovers dozens of alleged child porn images
Chris Van Hollen rules out 2028 run to focus on ousting Chuck Schumer as Senate leader
Animal rights activist attacks NYC horse carriage driver with skateboard during tirade, union says
Mossad Director Meets with US Officials in DC as Trump Resists Netanyahu’s Calls to Reignite Iran War: Report
‘Traitor!’: Jeffries gets rude awakening at Democratic convention as heckler erupts
Justice Samuel Alito Warns Congressional Democrats Have the Ability to ‘Turn Off the Lights’ for the Supreme Court
Schumer’s former ally mounts leadership challenge as Democrats face rare internal power struggle
Undercover Israeli agents will testify in Louisiana against alleged Oct. 7 terrorist: Judge
Alaska is still counting votes more than a week after Election Day: What to know
Trump’s spy chiefs put Republican leaders on the clock over ‘huge priority’ as power shift looms over Congress
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.
