Mnuchin Warns That Trump Could Still Impose Mexico Tariffs

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Mnuchin Warns That Trump Could Still Impose Mexico Tariffs
In an interview with Reuters, the Treasury Secretary said President Trump has the authority to levy tariffs if the Mexico deal fails.
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Treasury Secretary Steven Mnuchin says President Donald Trump's threatened tariffs may still be imposed if Mexico doesn't live up to its agreement to help control illegal immigration into the United States.

 

Speaking to Reuters in Japan, Mnuchin said Saturday, "Our expectation is that Mexico will do what they've committed to do and our expectation is that we won't need to put tariffs in place, but obviously if that's not the case, the president retains that authority."

On Friday, a deal between the two countries was made that will avert the tariffs from going into effect. Mexico agreed to deploy National Guard troops to help with immigration enforcement as well as agreeing to take back asylum seekers who had crossed the southern border.

Mnuchin said the Trump administration feels the terms of the deal meet its goals of combating the flow of Central American migrants to the U.S.' southern border.

Last week, President Trump threatened to levy a series of escalating taxes on Mexico if the country did not take major steps to combat illegal immigration at the U.S.-Mexico Border.