قالب وردپرس درنا توس
Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ World https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Trump tariff on Mexico poor political, economic

Trump tariff on Mexico poor political, economic



A far-fledged former US diplomat asked last Friday whether President Donald Trump adopted the right strategy by threatening Mexico with a new tariff due to immigration issues.

On Thursday, Trump announced that his country is planning to impose a 5% all Mexican imports from June 10. In a statement, he attributed the unexpected move to a "border crisis" that led America to "be invaded by hundreds of thousands of people". He even suggested that he could raise the tarif at Mexico's last 25% by October 1 this year if the country did not sufficiently stop the migrants' flow to the United States

Speaking to CNBC's "Street Signs" on Thursday evening American time John Negroponte questioned whether Trump's movement would have the desired effect.

"I think it's both poorly political and poorly economical, and I don't think it really helps solve the immigration problem, which is what Mr. Trump said he is trying to attack," Negroponte, current vice-president of consulting firm McLarty Associates and former US Ambassador to Honduras, Mexico, the Philippines, the UN and Iraq.

For its part, Mexico has said that it would not respond well to economic threats.

In a letter addressed to Trump, Mexican President Andrés Manuel López Obrador said he did not want a confrontation and that leaders have a responsibility to seek peaceful solutions to controversy. 9007] John Negroponte, July 1

7, 2018 in Bogota, Colombia.

Gabriel Aponte Getty Images

"President Trump: Social Issues Can't Be Solved With Taxes or Forced Measures," wrote the Mexican leader.

Negroponte told CNBC that he agreed. Still, he said, perhaps it is now the time Washington and Mexico City can get together on the problem.

In fact, in his letter to Trump, López requested Obrador that American and Mexican officials begin to meet on Friday to discuss how to "reach agreement for both nations".

Even from a domestic policy point of view, Trump may have overplayed his hand with the new tariff threat.

US Senate Finance Committee Committee Chairman Chuck Grassley, a Republican representing Iowa, slammed the move. He called it an "abuse of the president's customs authority."

"Trade policy and border security are separate issues," Grassley said in a statement following Trump's announcement. "Following this threat will seriously endanger the transition to the USMCA, a key campaign promise of President Trumps and what could be a great victory for the country," he warned.

USMCA refers to the new trade agreement between the United States, Mexico and Canada, which legislators had not yet approved. Several experts suggested that the agreement, an updated version of the North American Free Trade Agreement, could now have real difficulties to move forward.


Source link