Mexico Warns Against a 5% Tariff on its Goods
Mexico says that imposing a 5% tariff on its goods would be very costly for the economies of both Mexico and the United States and warns that it could cause an additional quarter-million Central American nationals to migrate north this year.
A high-level delegation of officials held a press conference to portray the position Mexico will share with U.S. counterparts during meetings they will have in Washington during the week.
Foreign Minister Marcelo Ebrard says his team will be delivering to U.S. officials on Monday a document detailing the impact of tariffs for both countries.
President Donald Trump says he will impose a 5% tariff on Mexican goods beginning June 10 as a way to force the Mexican government to keep mostly Central American migrants from crossing into the U.S.