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President Trump announced Thursday evening on Twitter new tariffs on all goods from Mexico until immigration into the U.S. is "remedied."

A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.

Why it matters: This is a sharp escalation of Trump's trade and immigration battles and comes as the administration was moving ahead to ratify new trade agreements with Mexico and Canada. The decision is sure to face opposition from some Congressional Republicans and could face legal challenges.

Details: If the crisis at the border isn't resolved, tariffs on Mexican goods will be raised by 5 percentage points on the first of each month, as high as 25% on October 1.

  • "Tariffs will permanently remain at the 25 percent level unless and until Mexico substantially stops the illegal inflow of aliens coming through its territory," according to a White House statement.
  • "Workers who come to our country through the legal admissions process, including those working on farms, ranches, and in other businesses, will be allowed easy passage," per the statement.

The big picture: May is on pace to have the highest number of border crossings in a month in more than 12 years, Department of Homeland Security Acting Secretary Kevin McAleenan told reporters on a call. Immigration agencies are overwhelmed.

  • More than 75,000 families have crossed this month and 4 children have died.
  • A record 80,000+ migrants are currently in immigration custody, including more than 50,000 in ICE custody.
  • A record 2,350+ unaccompanied children are currently being held in custody at the border.
  • 400 children arrived within the past 24 hours.

Between the lines: McAleenan said that Mexico needs to step up its security efforts at its southern border with Guatemala, crack down on smugglers who have been using bus lines to move migrants to the U.S. border, and "align on asylum. We need to be able to protect people in the first safe country they arrive in."

What they're saying: Jesus Seade, the trade negotiator for Mexican President Andrés Manuel López Obrader, said late Thursday that if the tariffs are implemented, “we should respond in a forceful way.” For now, he stressed the importance of waiting to see if the tariffs are “really on the table,”reports AP.

Our thought bubble via Axios' Felix Salmon: Strategically, it makes zero sense for the U.S. to enter a two-front trade war, engaging Mexico even as the confrontation with China is reaching a boiling point. China and Mexico are 2 of America’s 3 largest trading partners. To start trade wars with both of them is a declaration of isolationism not seen since 1945.

The fallout: The Mexican peso slumped more than 1.5% to 19.5 pesos per dollar while US stocks pointed to a lower open.

Go deeper

House votes to ban imports from Xinjiang over forced labor concerns

House Speaker Nancy Pelosi. Photo: Anna Moneymaker/Getty Images

The House voted 428-1 on Wednesday to pass a bill that would ban all imports from the Chinese region of Xinjiang unless the U.S. government determines that the products were not made with forced labor.

Why it matters: Both the Trump and Biden administrations, as well as several foreign parliaments, have recognized China's repression of Uyghurs and other Muslim minorities in Xinjiang as genocide.

Mark Meadows sues Pelosi, Jan. 6 committee

Then-White House chief of staff Mark Meadows speaks with reporters after a meeting with Senate Majority Leader Mitch McConnell on Nov. 18, 2020. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Former White House chief of staff Mark Meadows sued House Speaker Nancy Pelosi and all nine members of the Jan. 6 select committee on Wednesday.

Why it matters: The move comes less than a day after the committee moved to hold Meadows in contempt for refusing to cooperate with its investigation of the Capitol riots.

2 hours ago - Technology

The four key moments from Instagram's Hill hearing

Adam Mosseri. Photo: Yasin Ozturk/Anadolu Agency via Getty Images

Instagram head Adam Mosseri testified before Senate lawmakers Wednesday and was pressed on the app's impacts on young children and teens.

Why it matters: Legislation to protect kids online is one area Congress has shown it's willing to regulate, as Axios previously reported. Wednesday's back-and-forth gave momentum to lawmakers eager to make more rules for social media platforms and how children and teens can use them.