President Trump on Thursday abruptly announced a new 5 percent tariff on Mexicobeginning in early June, saying the levy will “gradually increase” until the ongoing illegal immigration surge at the southern border is “remedied” and illegal migrants “STOP.”
“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,” Trump wrote. “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.”
Fox News is told the tariff on all goods by land, sea, and air from Mexico will hike to 10 percent on July 1 — and potentially increase substantially from there.
“If Mexico still has not taken action to dramatically reduce or eliminate the number of illegal aliens crossing its territory into the United States, Tariffs will be increased to 15 percent on August 1, 2019, to 20 percent on September 1, 2019, and to 25 percent on October 1, 2019,” Trump said in a statement released later by the White House on Thursday. “Tariffs will permanently remain at the 25 percent level unless and until Mexico substantially stops the illegal inflow of aliens coming through its territory.” – READ MORE