Published: Mon, June 03, 2019
Worldwide | By Lisa Hogan

Sun. 5:44 pm: White House: Trump 'deadly serious' about Mexico tariffs

Sun. 5:44 pm: White House: Trump 'deadly serious' about Mexico tariffs

Chamber Executive Vice President Neil Bradley said the top priority for both the chamber and the Trump administration, is passing the U.S. -Mexico-Canada free trade agreement.

President Trump is "absolutely deadly serious" about imposing tariffs on Mexico unless the Mexican government does its part to help stop the flow of mostly Central American migrants pouring into the USA, acting White House Chief of Staff Mick Mulvaney has said.

The proposed measures, Posen said, have already led to a "widespread selloff", which is different from previous cases.

"It's going to tank the American economy", he said. "That border's only a quarter as long as the border with the United States".

Additionally, he argued, the direct impact on the auto industry is bound to be "sharp and fast", if the 5-percent tariff is implemented.

But the USA leader then doubled down on his threats, saying in a flurry of tweets that "Mexico has taken advantage of the United States for decades".

"The problem is that Mexico is an "abuser" of the United States, taking but never giving".

Trump says Mexico has been taking advantage of the United States for decades because of ineffective US immigration laws.

"The fact of the matter is Mexico is going to pay those tariffs, the Mexican corporations that send us products will see lower prices, lower profits, and less investment", Navarro claimed, while Carlson sat stock still, his face exhibiting no reaction.

Later, on Friday, the 31st of May, the President of Mexico alongside top US business lobbying groups had called US President Donald Trump for backing down from imposing punitive tariffs on all of Mexican imports, which would likely to raise a 23-billion-dollar question in full effect. Would solve the problem but they want Open Borders, which equals crime!

He said Trump threatened to impose the tariff "to put pressure on Mexico".

Mr. Trump's ultimatum has hurt Mexican financial assets and global stocks, but it met resistance from USA business leaders and lawmakers anxious about the impact of targeting Mexico, one of the United States' top trade partners.

Apprehensions at the US border with Mexico have surged in recent months, although Mexican data also show more deportations and detentions at Mexico's southern border with Guatemala, mostly of Central Americans trying to reach the United States.

Mexican Foreign Minister Marcelo Ebrard said he had spoken to U.S. Secretary of State Mike Pompeo by phone and said face-to-face talks between the two would take place on Wednesday in Washington.

Trump, who is eager to use immigration as an issue for his 2020 re-election campaign, as he did during his 2016 White House bid, has grown increasingly agitated about the situation along the U.S. -Mexico border.

Economists and business groups are sounding alarms over the tariffs, warning they will hike the costs of many Mexican goods Americans rely on.

McAleenan said that he wanted Mexico to bolster its own immigration screenings along the country's southern border, to crack down on the networks that are transporting the migrants throughout Mexico and to enable more migrants to wait in Mexico while they apply for asylum in the United States. Many seek asylum in the U.S. when they cross the border.

Mr. Trump is pushing Congress to change USA law to make it more hard for the migrants to claim asylum.

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