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Mexico President 'Optimistic' About U.S. Trade Deal to Avert Tariffs
Posted
June 7, 2019
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2:53Now PlayingPresident Andres Manuel Lopez Obrador said on Friday that he is "optimistic" that Mexico can strike a deal with the US to avert the tariffs scheduled to start on Monday."
We are in dialogue and we can reach an agreement," Andrés Manuel Lopez Obrador told a news conference in Mexico City.Lopez Obrador said his country would deploy 6,000 National Guard troops to its border with Guatemala to help control the flow of Central American migrants into the United States, the reason behind behind the US tariffs.
US and Mexican officials were holding a third day of talks at the US State Department Friday trying to hash out a deal that would satisfy President Donald Trump's demand that Mexico dramatically increase its efforts to crack down on migrants. The initial 5 percent tax on all Mexican goods, which would increase every month up to 25 percent, could ultimately have enormous economic implications for both countries.
Americans bought 378 billion US dollar worth of Mexican imports last year, led by cars and auto parts. Many members of Trump's Republican Party and business allies have urged him to reconsider — or at least postpone actually implementing the tariffs as talks continue — citing the potential harm to American consumers and manufactures.
Trump has nonetheless embraced tariffs as a political tool he can use to force countries to comply with his demands — in this case on his signature issue of immigration.
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