Economy

News of progress between United States and Mexico sends markets higher

News of progress between United States and Mexico sends markets higher

Mexico's talks with the U.S. about mmigration are set to continue on Friday.

President Donald Trump said Republicans who criticize potential tariffs on Mexico should be "ashamed" of themselves for undercutting the US negotiating position.

The talks will continue, and Mexico "may not do anything until the talks don't go anywhere", said Robert Hamilton, governor's adviser on trade policy in the state Commerce Department.

This story has not been edited by Firstpost staff and is generated by auto-feed. A "lot of people, senators included - they have no idea what they're talking about when it comes to tariffs", Trump said. We'll see what happens, but something pretty dramatic could happen.

White House press secretary Sarah Sanders said while the meetings had gone well, "we're still on track for tariffs on Monday".

Mexican Foreign Ministry spokesman Roberto Velasco Alvarez also said his government is looking for a deal despite the glaring gap between the two sides.

But Mexico surprised US officials Thursday when they returned to the negotiating table and said they would commit to what Pence had requested, according to the official, who cautioned that significant questions about timing and implementation remain.

In addition, Mexican Foreign Secretary Marcelo Ebrard said Thursday his country had agreed to deploy 6,000 National Guard troops to its border with Guatemala to help control the flow of migrants as part of its concessions.

The Hill reported on Thursday citing a draft declaration obtained by their website that US President Trump plans to declare another national emergency to impose the tariffs on Mexico over its perceived role in the illegal immigrant crisis in America.

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"New tariffs will make consumer goods more expensive and are not the answer", Cantwell said in an email.

Drug gangs and human traffickers took advantage of loopholes in the USA legislation to lock people in the United States.

In May, U.S. border agents detained roughly 144,000 people trying to enter the country without authorization - nearly three times the figure from the same month one year ago.

Officials said the final decision rests with Trump, who is scheduled to return on Friday from his European trip to commemorate D-Day and has been regularly briefed on negotiations while overseas.

USA business groups are generally opposed to the tariffs, warning they will raise costs for companies and lead to higher prices for American consumers.

U.S. -Mexico migration talks will continue on Friday, Ebrard said.

The tariffs would target USA products from agricultural and industrial states regarded as Trump's electoral base, a tactic China has also used with an eye toward the president's 2020 re-election bid.

Most of the migrants trying to enter the country are from Guatemala, Honduras and El Salvador, countries wracked by gangs, violence and poverty. "Yet the Government of Mexico has failed to take sufficient action to alleviate this problem, has allowed this mass incursion to increase, and has failed to secure its own southern border", the document reads. The officials were not authorized to discuss the matter publicly and spoke on condition of anonymity.

Brad Parscale, Trump's 2020 campaign manager, tweeted on Thursday: "Mexico sent representatives to Washington as soon as President @realDonaldTrump announced possible tariffs".