Huge Emergency Action – President Trump Announces Escalating Tariff Program for “All Mexican Goods” Until Illegal Central American Migration is Stopped…
FTA:
Jumpin’ ju-ju bones, President Trump has just announced an emergency tariff program on all Mexican goods that begins on June 10th at 5% and continues to increase monthly until Mexico takes action to halt illegal Central American migration.
Tariff Schedule: * 5% effective June 10th * 10% effective July 1st * 15% effective August 1st * 20% effective September 1st * 25% effective October 1st, and continuing therein until Mexico takes action to stop the flow of Central American migrants.
Tariff Schedule: * 5% effective June 10th * 10% effective July 1st * 15% effective August 1st * 20% effective September 1st * 25% effective October 1st, and continuing therein until Mexico takes action to stop the flow of Central American migrants.
MEXICO!!!
Mexico is a socialist government.
The tariff impacts their national economy (government budget) by 5%. The GDP of Mexico isn’t just “tied” to the economy...it is the foundation of their national budget. In socialist countries, tariffs are paid by the government, not passed along to consumers.
The government will have to raise taxes to industry, impacting several US based manufacturers.
The US manufacturers will put heavy pressure on Mexico...or, leave.
Trump warned them.