June 6, 2019 -- U.S. President Donald Trump is threatening to impose import taxes on all goods from Mexico in an effort to persuade America’s southern neighbor to do more to stop illegal migration.
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Trump pauses tariffs on Canada, Mexico
Straining to stave off the threatened tariffs, Mexican and American officials claimed progress in White House talks, but Trump said Thursday that a “lot of progress” must be made to halt the 5% taxes due to go into effect on June 10.
The U.S. imported $346.5 billion worth of goods from Mexico in 2018, according to government data, meaning a 5% tariff will cost more than $17 billion.
