Ted Cruz: “President Trump threatened 25% tariffs on Mexico, 25%…”

“I did an entire podcast on those tariffs and breaking down how I thought Mexico and Canada were very different from China, and you should understand them differently. Mexico and Canada. The tariffs that President Trump threatened 25% tariffs on Mexico, 25% tariffs on Canada, except for 10% on Canadian oil and gas. Those were designed, I believe, to be leverage. And the President explicitly said they were designed to bring Mexico and Canada to the table and to get them to cooperate and cooperate seriously in securing the border.” (08:59–09:08)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.