Like products made in Mexico? They’re about to cost a whole lot more – as the Trump administration plans to impose a five-percent tariff on goods coming in from our southern neighbor in response to the number of illegal immigrants crossing into the U.S.
First making the announcement via Twitter, President Trump says the tariff will start on June 10thand will gradually increase until the "illegal immigration problem is remedied." As for how that’ll work?The sanctions will go up to ten-percenton July 1stand will go up five-percent each month after. In October, they'll be at 25%, where they'll remain until Mexico moves to stem the flow of illegal immigrants.
As you might expect, everyone’s upset – and that includes members of the President’s own party. Iowa Senator Chuck Grassley is condemning the plan, saying the action could derail approval of the United States Mexico Canada Agreement. "Trade policy and border security are separate issues,”Grassley says in a statement. “This is a misuse of presidential tariff authority and counter to congressional intent.”