Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Trump May Delay Mexico Tariffs, Aide Says as Trade Talks Resume

Published 06/07/2019, 09:28 AM
Updated 06/07/2019, 09:50 AM
© Bloomberg. Donald Trump

(Bloomberg) -- President Donald Trump could decide over the weekend to delay tariffs he’s threatened against Mexico over a surge in illegal migration to the U.S., a top White House aide said, as negotiators from the two countries resume talks in Washington on Friday.

Vice President Mike Pence’s chief of staff, Marc Short, said on Fox News that the Trump administration is moving forward with plans to enact a 5% tariff on Mexican imports on Monday. But he said Trump would have leeway over the weekend to delay the tariffs, if he chooses.

“They’re recognizing the problem, they’re offering some solutions but I confess there’s still a long way to go,” Short said of talks with the Mexican delegation.

Short told reporters at the White House that the administration would issue a required notification on Friday to pave the way for the tariffs. Trump is returning on Friday from a week-long trip to the U.K., France and Ireland.

Mexican officials have sought a delay for the tariffs in order to have more time to negotiate a response to the migration surge.

More than 144,000 people were apprehended after illegally crossing the southern border in May or were refused entry to the U.S. That’s the the most in a single month in at least five years; the number has grown every month since January.

© Bloomberg. Donald Trump

Latest comments

the supposed 'deterrent' claim last year has turned into largest crossings in five years.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.