Sunday, 18 August, 2019

U.S., Mexico reach agreement to avoid tariffs, stem migration

As Trump's tariffs loom, Mexico may send National Guard to southern border to stem migrant flow Winning: Mexico Capitulates to Trump's Tariff Threat, Deploys 6000 Troops to Guatemalan Border to Curb Migration
Patty Aguilar | 08 June, 2019, 15:44

But the two sides still have key differences on immigration and have not produced a deal.

The tariffs would have clobbered Mexico's economy, which is integrated with the USA and Canada under the North American Free Trade Agreement, with experts warning of a recession and Fitch rating service already downgrading Mexico's credit rating. Mr. Trump's 5-per-cent duties would actually be higher than numerous tariffs that existed before that.

After a week of threats, President Donald Trump declared Friday that "there is a good chance" the US will strike a deal with Mexico to avert the tariffs he's scheduled to take effect Monday to force the USA ally to stem the flow of Central American migrants into the United States.

President Donald Trump says he has "indefinitely suspended" tariffs he has threatened to impose Monday on Mexican imports.

"We wish that members of Congress would spend as much time looking to fix the problem legislatively as they do bellyaching about what the President is doing trying to fix the problem", Short said when asked about Republican opposition to his tariffs.

Mexico's National Guard will begin deploying on Mexico's southern border with Guatemala from Monday to contain the flow of migrants headed to the United States, Mexican Foreign Minister Marcelo Ebrard.

The United States imports about $350 billion each year in goods from Mexico including $128 billion in automobiles, auto parts and engines, and $26 billion in agricultural products and processed foods.

"Additionally, the United States and Mexico commit to strengthen bilateral cooperation, including information sharing and coordinated actions to better protect and secure our common border". No new trade accords were announced.

Trump made the announcement only hours after returning from Europe and following several days of intense and sometimes hard negotiations between officials from the two countries in Washington. "The meetings have gone well, but as of now we're still on track for tariffs on Monday".

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With his efforts to beef up the security of the US' southern border largely stalled, President Donald Trump has sought to curb illegal immigration indirectly. "But there frankly is still a long way to go". "And so the legal teams are talking today, and we'll see how that progresses", Short said.

"They are not even analyzing the causes, only the effects. They are not taking into account the profound crisis in Central America ... who have no options, no alternatives", Lopez Obrador said.

What do we know about the deal so far?

He invited Mexican lawmakers, religious leaders, Supreme Court justices, governors and other dignitaries to attend.

Trump is also threatening to impose an additional $300 billion on Chinese products, and will meet with Chinese President Xi Jinping at a summit in Japan later this month.

USA and Mexican officials returned to the negotiating table Friday for a third day of talks to find a way to stem the migrant flow.

As Air Force One crossed the Atlantic Ocean, the president raised hopes for a deal with the Mexican government that would stave off tariffs on goods coming from America's southern neighbor, starting at 5 percent and escalating on the first of each month to a high of 25 percent on October 1.

The tariffs on the major trading partners would hit goods ranging from fruits and vegetables, cars, electronics, air conditioners, tequila, and computer screens.

"I am pleased to inform you that The United States of America has reached a signed agreement with Mexico", Trump wrote on Twitter late June 7.

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