Sunday Silver E.
All is not well with US-Mexico relationship at the moment as the President of the United States of America, Donald Trump, will from Monday next week impose 5% tarrifs on imported goods .This is a result of their inadequate security along their Northen border with the US, which allows migrants from Central America to flood the US.
Donald Trump said it again during his state visit to the UK, blaming the Mexican government for not doing enough to curb this menace.
Although the Republican party have been pressuring Trump to shave his plan of hammering Mexico with additional tariffs because of the adverse effects it will have on the economy.
The US Senate leader, Mitch McConnell saying ” not much support” among Republican Senators. The threat has spooked global markets and put the ratification of a three-way trade pact between the two countries and Canada that took over a year to negotiate in doubt.
The tariffs have also been criticized by the U.S. Chamber of Commerce and industry groups on concerns about increased costs for U.S. businesses and consumers.
Mexico exports a broad array of goods to the United States, ranging from cars, auto parts and televisions to popular brands of beer. Toyota Motor Corp said on Tuesday tariffs on Mexican imports could cost the automaker’s major suppliers as much as $1 billion.
Mexican leaders are expected to show White House officials on Wednesday that they are taking steps to stem the northward flow of migrants, but Trump said the talks might not resolve the issue.
“We’re going to see if we can do something, but I think it’s more likely that the tariffs go on,” Trump said during a state visit to Britain, describing immigrants entering the United States illegally as an “invasion.”
Asked to comment, Mexican President Andres Manuel Lopez Obrador told a news conference he was optimistic that a deal on tariffs and migration could be reached.
U.S. Commerce Secretary Wilbur Ross, speaking at an event in Miami, said of talks with Mexican officials: “Hopefully, we can work out a sensible solution to the border crisis and minimize the economic fallout