Trump says he will apply the tariffs on June 10 if Mexico does not halt the flow of illegal immigration, largely from Central America, across the US-Mexican border.
“WE EXPECT GOOD RESULTS”
His ultimatum hit Mexican financial assets and global stocks, but met resistance from US business leaders and lawmakers worried about the impact of targeting Mexico, one of the United States’ top trade partners.
In a news conference in the Gulf of Mexico port of Veracruz, President Andres Manuel Lopez Obrador said Mexico could be ready to step up measures to contain a recent surge in migration in order to reach a deal with the United States.
Mexico President Andres Manuel Lopez Obrador
A major Mexican delegation led by Foreign Minister Marcelo Ebrard will discuss the dispute with US officials in Washington on Wednesday, and Lopez Obrador said he expected “good results” from the talks, and for a deal to emerge.
“The main thing is to inform about what we’re already doing on the migration issue, and if it’s necessary to reinforce these measures without violating human rights, we could be prepared to reach that deal,” Lopez Obrador said. His comments follow those of Jesus Seade, deputy foreign minister for North America, who told Reuters on Friday that Mexico wanted to sharpen existing measures to curb the flow of Central Americans trying to reach US soil.
Trump’s threat to inflict pain on Mexico’s economy is the biggest foreign policy test to date for Lopez Obrador and a tall order for Mexican authorities struggling not only to contain migration but also to fight record gang violence.
Mexico’s economy relies heavily on exports to the United States and shrank in the first quarter. Under Trump’s plan, US tariffs that could rise as high as 25 percent this year.
