A five percent tariff on all goods coming from Mexico will go into effect on June 10, and will gradually increase up to 25 percent until the illegal immigration problem is resolved, US President Donald Trump has announced.
Invoking the International Emergency Economic Powers Act, Trump said the US will start at five percent, but keep ratcheting up by another five percent every month, culminating with 25 percent beginning in October.
But of course Trump is not an ideologue. He's not pragmatist either.... More like an impulsive kind of guy. It's like "Hummm what am I gonna do today???"... "Hummmm let's screw with wet backs at a bit"... "We reached a deal few days ago?? Who cares? Let's throw this away and start a new." There's no possible deal with Trump, because he's not consistent.
Invoking the International Emergency Economic Powers Act, Trump said the US will start at five percent, but keep ratcheting up by another five percent every month, culminating with 25 percent beginning in October.
SOURCE ZeroHedge and: https://www.rt.com/news/460688-trump-mexico-tariffs-immigration/
This, after the Mexican government asked Trump for $10 billion to boost their economies in response to the migrant crises.
SOURCE: https://www.chicksonright.com/youngconservatives/2019/05/24/instead-of-paying-for-wall-mexico-tells-u-s-to-pay-them-10-billion/