MEXICO CITY (Reuters) – Fighting to stave off punitive tariffs announced by U.S. President Donald Trump, a senior Mexican delegation was set to begin high level talks on Monday in Washington, where it will be pushed to do more to hold back Central American migrants.
Trump says he will apply tariffs of 5% on all Mexican goods on June 10, and increase the rate in coming months to 25% if Mexico does not substantially halt illegal immigration across the U.S.-Mexican border, which is at a decade high this year.
Global equities tumbled after Trump’s unexpected threat last week against the United States biggest trade partner, as investors feared his aggressive trade diplomacy could tip the United States and other major economies into recession.
With just a week until the first tariffs bite, the delegation led by Foreign Minister Marcelo Ebrard may have a hard time convincing U.S. officials that Mexico is doing enough on immigration to avoid punishment, despite having signaled in recent days it was prepared to further tighten security.
Trump on Sunday called Mexico an “abuser” of the United States and said he wanted action, not talk. Mexico has signaled it would retaliate to the tariffs, with targets likely to include farm products on Trump supporting states.
[To read the original article, click here]