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Trade war with Mexico ?
by 8DonCo Thu May 30, 2019 10:19 pm
President Donald Trump threatened on Thursday to impose new tariffs on Mexico if the country does not step up its immigration enforcement actions, combining his boiling border-related frustrations with his preferred method of punishing foreign countries.
Trump said in a White House statement that the first round of tariffs would begin on June 10 at 5% "on all goods imported from Mexico."
The statement said Trump would carry out his threat under authority from the International Emergency Economic Powers Act and that he would lift tariffs only "if the illegal migration crisis is alleviated through effective actions taken by Mexico."
The statement warned further that if Mexico does not act as Trump demands, tariffs would go up to 10% by July, 15% by August, 20% by September and reach a permanent level of 25% by October.
Trump said in a White House statement that the first round of tariffs would begin on June 10 at 5% "on all goods imported from Mexico."
The statement said Trump would carry out his threat under authority from the International Emergency Economic Powers Act and that he would lift tariffs only "if the illegal migration crisis is alleviated through effective actions taken by Mexico."
The statement warned further that if Mexico does not act as Trump demands, tariffs would go up to 10% by July, 15% by August, 20% by September and reach a permanent level of 25% by October.
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8DonCo
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