Tariff Talks With Mexico And Trump Commence
On Thursday, Donald Trump announced he was imposing a 5% tariff on all Mexican goods starting June 10th to punish Mexico for the high rate of Mexican immigrants crossing the border. He said the tariffs will keep going up as long as the problem persists.
“On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP. The Tariff will gradually increase until the Illegal Immigration problem is remedied, at which time the Tariffs will be removed. Details from the White House to follow,” Trump tweeted on Thursday night.
Some economists and trade experts criticized the move, saying it would have a serious adverse effect on the economy and anger many business owners. Rufus Yerxa of the National Foreign Trade Council, which represents many large exporters, called Trump’s policy “a colossal blunder.”
The United States imported more than $350 billion dollars worth of Mexican goods last year, including fruits and vegetables, cars, and textiles. In response to Trump’s announcement, Mexican President Andrés Manuel López Obrador said he does not want a hostile relationship with the United States, and called for Trump to engage in “dialogue.”
However, Trump persisted, saying tariffs on Mexican goods could go as high as 25 percent in the next few months.
-
Protecting the Process in Trump’s January 6 Case In the federal courthouse of Washington, DC, security measures surrounding the...
-
A New York Times/Siena College poll reveals surprising results A recent New York Times/Siena College poll reveals an intriguing...
-
Ron DeSantis Defends Florida’s New Slavery Curriculum Ron DeSantis, the Governor of Florida, recently defended introducing new education standards...
-
A Heartfelt Farewell to Tafari Campbell Over the weekend, a somber atmosphere enveloped Martha’s Vineyard as news spread about...
-
Caught on Camera: Hunter Biden’s “Sugar Brother” Lawyer in Bong Scandal In a recent incident, Kevin Morris, a prominent...
-
Breaking the Chains: Biden Administration Erases $39 Billion in Student Loan Debt. In a move aimed at providing much-needed...
-
Controversial Claims: Robert F. Kennedy Jr. Faces Backlash Over Covid Conspiracy Theories Robert F. Kennedy Jr.’s recent conspiracy-filled tirade...
-
Joe Biden Uses Program Fix To Help 800,000 Student-Loan Borrowers In response to the Supreme Court’s rejection of President...
-
Biden Strengthens US-UK Ties During his brief visit to Britain, U.S. President Joe Biden expressed his admiration for the...
-
Biden’s Ukraine Dilemma: To Arm or To Ally? President Joe Biden and his team have grappled with a challenging...
-
Secret Service Investigates Security Breach at the White House The US Secret Service is currently conducting an investigation into...
-
Trump’s Unconventional 4th of July: Controversial Messages Draw Comparisons to Benedict Arnold On America’s cherished Independence Day, it is...