US President started a trade war with Mexico as he announced on Thursday that he would add 5 percent to tariff on Mexico beginning in early June.

Iran Press/America: In a tweet, Donald Trump said: "On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP."

He added: "The Tariff will gradually increase until the Illegal Immigration problem is remedied, ... at which time the Tariffs will be removed. Details from the White House to follow," Fox News Reported.

Trump's tweet about increasing tariff on Mexico

Fox News is told the tariff on all goods by land, sea, and air from Mexico will hike to 10 percent on July 1 -- and potentially increase substantially from there.

On Feb. 4, The Pentagon said it would send 3,750 more troops to the US-Mexico border to put up another 150 miles of concertina wire and provide support for Customs and Border Protection.

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"If Mexico still has not taken action to dramatically reduce or eliminate the number of illegal aliens crossing its territory into the United States, Tariffs will b increased to 15 percent on August 1, 2019, to 20 percent on September 1, 2019, and to 25 percent on October 1, 2019," Trump said in a statement released later by the White House on Thursday. 

The statement continued: "Tariffs will permanently remain at the 25 percent level unless and until Mexico substantially stops the illegal inflow of aliens coming through its territory."

The statement added: "Thousands of innocent lives are taken every year as a result of this lawless chaos.  It must end NOW! ... Mexico’s passive cooperation in allowing this mass incursion constitutes an emergency and extraordinary threat to the national security and economy of the United States."

Specifically, White House sources told Fox News that Mexico would need to step up security efforts on the border, target transnational smugglers, crack down on illicit bus lines and align with the U.S. on a workable asylum policy. Mexico could use certain so-called choke points on the southern border to curb illegal migration sharply, according to the sources.

"If Mexico does not take decisive measures, it will come at a significant price," Trump concluded in his statement.

Arrests along the southern border have skyrocketed in recent months, with border agents making more than 100,000 arrests or denials of entry in March, a 12-year high. Immigration courts that process asylum claims currently have faced a backlog of more than 800,000 cases and asylum applicants increasingly have been staying in the U.S. even after their claims for asylum have been denied.

According to CNN, US stock index futures and Asian stock markets, including shares of Japanese and South Korean automakers, tumbled after President Donald Trump said the United States will impose a 5% tariff on all Mexican imports. 213/214

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Trump starts trade war with Mexico