(Business Insider)
President Donald Trump on Thursday announced a 5% tariff on imports from Mexico — another tactic in his efforts to curb an influx of migrants coming across the US border.
"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," Trump announced on Twitter. "The Tariff will gradually increase until the Illegal Immigration problem is remedied, at which time the Tariffs will be removed."
The tariff will increase to 10% in July, 15% in August, 20% in September, and 25% in October if Mexico does not adequately take steps to lower the illegal immigration rate. Trump added that the US will have the "sole discretion" in determining whether Mexico has done enough to "alleviate" the border crossings. Read more