6/4, 2:11 PM (Source: TeleTrader)
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Mexico FM: 80% chance of preventing US tariffs

Mexican Foreign Minister Marcelo Ebrard said on Tuesday that his country is likely to convince the United States during this week's talks not to impose tariffs on all Mexican goods.

"The negotiations are 80% in favor of Mexico," Ebrard stated during a press conference. "What Mexico must do and what we are doing is to prepare itself, and we have a strategy on how we can coexist in sometimes unpredictable circumstances," he added.

Last week, US President Donald Trump threatened to impose a 5% tariff on all Mexican imports starting June 10 unless America's southern neighbor takes action to help stop illegal immigration into the US. Ebrard has warned that the potential introduction of tariffs could prove "counterproductive" for the US.

Breaking the News / NP