In a surprise announcement that could derail a major trade deal, President Donald Trump says he is placing a 5% tariff on all Mexican imports, effective June 10, to pressure the country to do more to crack down on the surge of Central American migrants trying to cross the U.S. border.
He said the percentage will gradually increase up to 25% "until the Illegal Immigration problem is remedied."
"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," he wrote. "The Tariff will gradually increase until the Illegal Immigration problem is remedied."
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