President Donald Trump, in a Twitter post May 30, said the United States would begin imposing tariffs on Mexican goods entering the country “until such time as illegal immigrants coming through Mexico, and into our country, STOP.”
The White House said in a statement that a 5% tariff on all goods imported from Mexico will begin on June 10.
“If the illegal immigration crisis is alleviated through effective actions taken by Mexico, to be determined in our sole discretion and judgment, the tariffs will be removed. If the crisis persists, however, the tariffs will be raised to 10% on July 1,” the White House said.
It is estimated that a 25% tariff on all imports from Mexico would add about $28 billion a year to the cost of completed vehicles and parts.
At a press event in Mexico City on May 30 following the tweets, Jesus Seade, Mexico’s undersecretary of foreign relations for North America, told reporters that the country won’t retaliate before discussing the matter further with the United States.
