Tariffs on all Mexican imports may lead to more bills for America. GinaChon
U.S. President Donald Trump said on June 4 that it’s “more likely” that a 5% tariff on all Mexican imports will go into effect on June 10, despite ongoing talks between the two governments. He made his comments during a press conference with British Prime Minister Theresa May.
On May 30, Trump said the United States would impose an import tax if the southern neighbor didn’t stop a wave of migrants crossing from Mexico into America. The tariffs would gradually rise to 25% in October. Mexico President Andres Manuel Lopez Obrador said on June 4 that he expects a deal with the United States and he’s optimistic about a meeting between officials scheduled for June 5. Mexico is planning to present an immigration proposal at the meeting.
In 2018, the United States exported $265 billion worth of goods to Mexico and imported products worth almost $347 billion from its southern neighbor, according to the U.S. Census Bureau data.
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