In his latest bid to control illegal immigration from Mexico, U.S President Donald Trump has announced that all goods coming from Mexico to the U.S will carry a tariff of up to 25 percent.
In a tweet he stated that as of June 10 there will be a five percent tariff put on all imports coming into the U.S from Mexico, and this will slowly rise “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.”
Clarifying on how the tariff will rise, the White House released a statement clarifying that the tariffs would rise by five percent each month until October 1, when the rate will hit 25 percent.
“For years, Mexico has not treated us fairly – but we are now asserting our rights as a sovereign Nations,” the statement said.
Responding to the tweet Mexico’s top diplomat for North America, Jesus Seade, said that “if this is put in place, we must respond vigorously.”
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
© 2000-2020. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at firstname.lastname@example.org.