Trump Revives Threat of Tariffs on Mexican Goods
Three days after declaring his threatened tariffs against Mexican imports “suspended indefinitely,” President Donald Trump says he might impose them after all.
#economics
Three days after declaring his threatened tariffs against Mexican imports “suspended indefinitely,” President Donald Trump says he might impose them after all.
The trigger, he says, would be the failure of Mexico’s Congress to approve an undisclosed element in the agreement he announced late Friday.
The pact would beef up already planned Mexican patrols of its own southern border by 11% to 5,000 troops and expand a program under which migrants entering the U.S. would be sent back to Mexico for housing until their legal processing was completed.
Observes speculate that the third deal Trump is alluding to a “safe third country” agreement. It would require that migrants who wish to pass through Mexico and seek asylum in the U.S. must apply for asylum in Mexico instead. Mexico says it rejected that demand but agreed to review its position in 45 days.
Coy about details of the secret element, Trump describes it only as a “very powerful tool” that will require legislative passage to implement.
RELATED CONTENT
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data