Donald Trump has defended his decision to impose new tariffs on Mexico as stock markets worldwide were rattled by fears of an escalation in trade tensions.
“Mexico has taken advantage of the United States for decades,” Trump tweeted. “Because of the Dems, our Immigration Laws are BAD. Mexicomakes a FORTUNE from the U.S., have for decades, they can easily fix this problem. Time for them to finally do what must be done!”
On Thursday Trump announced that he was placing a 5% tariff on “every single good coming into the United States from Mexico” starting on 10 June, to pressure the country to do more to curb immigration into the US.
The tariffs will rise by 5% each month until it reaches 25% in October if the number of people crossing the border doesn’t “come down substantially”, the White House acting chief of staff, Mick Mulvaney, said. » | Dominic Rushe in New York, Lauren Gambino in Washington, and David Agren in Mexico City | Friday, May 21, 2019
