On Friday night, at approximately 8:30pm US Eastern time, the Trump administration announced they would not be moving forward with punitive tariffs against imported products from Mexico.
SteelOrbis previously reported that Trump had announced the US would be imposing a five percent tariff on all goods imported from Mexico, including steel, adding that the tariff would be increased up to 25 percent by October if Mexico did not take action to “dramatically reduce or eliminate” the number of illegal aliens crossing its territory into US Southern border.
On Sunday, Trump took to twitter, stating that “Mexico was not being cooperative on the Border in things we had, or didn’t have, and now I have full confidence, especially after speaking to their President yesterday, that they will be very cooperative and want to get the job properly done. Here is now going to be great cooperation between Mexico & the USA, something that didn’t exist for decades. However, if for some unknown reason, there is not, we can always go back to our previous, very profitable, position of Tariffs.”