President Donald J. Trump . (Official White House Photo by D. Myles Cullen)
(Worthy News) - President Trump on Thursday abruptly announced a new 5 percent tariff on Mexico beginning 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.
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Great news-- I do hope he even doesnt talk about it any more ..Just do it ..Not a threat this time -just action ..
Really!
simply awesome. this could eventually pay for the whole Wall.
Some of the stuff he comes up with is really embarrassing, isn't it?
This one, however, is just plain brilliant.
Isn't it just one of those things where you think to yourself, "now why didn't I ever think of that one?"
And more power to him every time he gets it right like that one.
And, finally, he's figured out how to make Mexico pay for the wall.
Just like he said he would.
Some point to Smoot-Hawley as a reason to refrain from imposing tariffs, but the USA was just entering the industrial revolution and needed exports to get us on the world stage economically. Today, most of the developing world needs our imports and the tariffs will allow us to impose our will upon them. Now, we just need to make sure that we are not abusing our power.
https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act