Friday, United States and Mexico reached a deal to avert a tariff war, with Mexico pledging to take “strong measures” to contain the migration of mostly Central Americans crossing the southern US border.
President Trump had threatened to impose 5% import tariffs on all Mexican goods from Monday if Mexico did not do more to tighten its borders.
“I am pleased to inform you that The United States of America has reached a signed agreement with Mexico,” President Trump Friday evening, saying the “Tariffs scheduled to be implemented by the US Monday, against Mexico, are hereby indefinitely suspended.”
The agreement announced Friday followed 3 days of negotiations in Washington DC.
The US–Mexico joint declaration released in Washington said Mexico had agreed to take more migrants seeking asylum in the United States while they await adjudication of their cases and agreed to increase enforcement to curb illegal immigration, including deploying the National Guard to its southern border.
Mexican Foreign Minister Marcelo Ebrard said that the National Guard deployment would start Monday. “I think it’s a fair balance,” he said.
The agreement appeared to be short of a Key U.S. demand that Mexico accept a “safe 3rd country” designation that would have forced it to permanently take in most Central American asylum seekers.
“The Tariffs scheduled to be implemented by the US Monday, against Mexico, are hereby indefinitely suspended,” President Trump said in a Tweet Friday evening.
The 2 countries will continue discussions, to be completed in 90 days, on further steps, according to the declaration.
US border officers apprehended more than 132,000 people crossing from Mexico in May, the highest monthly level since Y 2006.
President Trump, who has called the surge in migrants an “invasion,” had threatened to impose levies rising to 25% unless Mexico addressed the problem.
Making and Keeping America Great!
Have a terrific weekend.
Latest posts by Paul Ebeling (see all)
- 2020: Gauging the Collector Car Market - January 18, 2020
- 2020: Wall Street Extends Rally Ahead of a Long Holiday Weekend - January 17, 2020
- Wall Street’s Key Stock Analysts Research Reports - January 17, 2020