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.
Trump says Greenland’s defense is ‘two dog sleds’ as he pushes for US acquisition of territory
Wild video shows federal agents detaining 2 men at Minnesota gas station as agitators gather
Trump says Iran ‘starting to’ cross US red lines as protesters die in government crackdown
Deadly avalanche claims 2 snowmobilers in Washington state backcountry, 2 rescued
Breaking: Truck Plows Through Anti-Iranian Regime Protest in Los Angeles
Trump’s motorcade route adjusted after Secret Service finds ‘suspicious object’ at Palm Beach airport
Jacob Frey tells critics ‘sorry I offended their delicate ears’ after ICE f-bomb controversy
Street takeovers and traffic control by agitators in Minnesota cross legal lines, retired detective says
Suspect arrested after fire burns oldest Mississippi synagogue
US used sonic weapon on Venezuelan troops, report shared by Leavitt claims
Critical clue led police to suspect Chicago doctor in deaths of Ohio dentist, wife
LA Residents Still Battling Toxic Hazards in the Aftermath of Last January’s Devastating Wildfires
DHS deploying hundreds more federal agents to Minneapolis, Noem announces
Chinese Communist Party Rounds Up Members of Underground Christian Church in Crackdown
Repeat Offender Charged with Assaulting, Robbing Pregnant Woman While on Blue City’s ‘Electronic Monitoring’
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.
