President Trump announced Thursday all goods from Mexico will have a 5% tariff.
He said the tariffs will start June 10 and will be in place until “illegal migrants coming through Mexico, and into our Country, STOP.”
….at which time the Tariffs will be removed. Details from the White House to follow.
— Donald J. Trump (@realDonaldTrump) May 30, 2019
“Mexico’s passive cooperation in allowing this mass incursion constitutes an emergency and extraordinary threat to the national security and economy of the United States. Mexico has very strong immigration laws and could easily halt the illegal flow of migrants, including by returning them to their home countries. Additionally, Mexico could quickly and easily stop illegal aliens from coming through its southern border with Guatemala,” Trump’s statement said.
Trump said he will impose the tariffs by using his powers in the International Emergency Economic Powers Act. He also said companies who relocate to the United States will not have to pay the tariffs.
“As President of the United States, my highest duty is the defense of the country and its citizens. A nation without borders is not a nation at all. I will not stand by and allow our sovereignty to be eroded, our laws to be trampled, or our borders to be disrespected anymore,” Trump concluded.
[Related: ‘Going to impact customers’: Retailers brace for Trump’s new tariffs]
