- With President Trump’s threat of tariffs looming if Mexico doesn’t curb the flow of illegal immigration across the U.S. southern border, a team of senior Mexican delegates met with White House officials to begin talks this week.
- Last week, Trump announced that he would place a 5% tariff on all Mexican imports beginning June 10 and increase up to 25% if Mexico doesn’t do more to stop illegals from crossing the border.
- While Mexico has taken on a friendly tone to avoid tariffs, the nation has drawn a line about taking in all Central American asylum-seekers if the idea is brought up.
- Mexican Foreign Minister Marcelo Ebrard said his nation will work to keep illegal immigrants from crossing into the U.S.
- The threat of tariffs has affected global stock markets as concerns arise that these tariffs could send the U.S. and other countries into recession.
- Investors will watch the talks closely because the proposed tariffs could affect food, beer, cars, TVs, auto parts and more.
- U.S. businesses are against the tariffs, and the U.S. Chamber of Commerce is looking at ways to block the proposed plan.