....at which time the Tariffs will be removed. Details from the White House to follow.— Donald J. Trump (@realDonaldTrump) May 30, 2019
Reuters: Trump vows rapid increase in tariffs on Mexico unless illegal immigration ends
WASHINGTON (Reuters) - President Donald Trump, incensed by a surge of illegal immigrants across the southern border, vowed on Thursday to impose a tariff on all goods coming from Mexico starting at 5% and ratcheting higher until the flow of border-crossers ceases.
Trump’s move was a dramatic escalation of his battle to control a tide of illegal immigrants that has increased despite his efforts to build a border wall and take other steps.
Trump said in a statement the tariffs would start at 5% on June 10 and increase monthly until reaching 25% on Oct. 1, unless Mexico takes steps to halt the thousands of people crossing from Central America through Mexico to the U.S. border.
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WNU Editor: You know that there is a crisis at the border when you read reports like this one from El Paso today .... Border agents apprehend more than 1,000 migrants in record roundup (NBC). As for the tariffs. A 25% tariff on Mexican goods will no longer make that country competitive in the U.S. market. The impact will be massive on the Mexican economy, and for those who have invested heavily in Mexico on the expectation that they will have access to U.S. markets.
More News On President Trump Threatening To Impose Tariffs On All Goods From Mexico If It Does Not Stop The Flow Of Migrants
Trump announces new Mexican tariffs in response to migrants -- AP
Trump vows to impose a 5 percent tariff on all goods imported from Mexico - and it will increase every month until illegal migrants stop coming into the U.S. -- Daily Mail
Trump Says U.S. Will Hit Mexico With 5% Tariffs on All Goods -- The New York Times
Trump says U.S. to impose 5 percent tariff on all Mexican imports beginning June 10 in dramatic escalation of border clash -- The Washington Post
Trump announces escalating tariffs against Mexico, starting at 5 percent, until illegal immigrants 'STOP' -- FOX News
Trump announces tariffs on Mexico starting June 10 if it doesn't slow flow of migrants -- CNN
Update: Mexican President wants a meeting on Friday to resolve this issue. Wow. That was quick.
JUST IN: Mexico's President Lopez Obrador asks Trump to have U.S. officials meet with the Mexican foreign minister in Washington on Friday to seek a solution that benefits both nations https://t.co/FqaPR9apcm pic.twitter.com/onyEIhklic— Reuters Top News (@Reuters) May 31, 2019