Markets await clarification of details to the U.S. Mexican deal

Daniel Fowler
June 11, 2019

President Trump also said that Mexico would soon make "large" agricultural purchases from the US.

The pact calls for Mexico to dispatch 6,000 troops to its border with Guatemala to halt the flow of migrants from there, Honduras and El Salvador, while giving the United States new authority to force asylum seekers to stay in Mexico while their legal cases in the United States are pending. Josh Hawley, R-Mo., said the way to stop the crisis at the southern border with Mexico is by expanding the Remain in Mexico Program and holding Mexico's "feet to the fire".

"We do not anticipate a problem with the vote but, if for any reason the approval is not forthcoming, Tariffs will be reinstated!"

But Ebrard, holding up a paper and pointing to the previously announced details, said, "There is no other thing beyond what I have just explained". Bernie Sanders of Vermont, chastised Trump for using tariffs as a threat and operating a "trade policy based on tweets".

Details of the deal, which has averted Trump's threatened imposition of 5% import tariffs on all Mexican goods that had been due to start on Monday, will et markets know whether Mexico has pledged to buy more US agricultural products and if the deal materially expanded a previous commitment by Mexico to more vigorously police its southern border with Guatemala.

Agricultural trade was one of the clauses of the deal that the USA and Mexico reached earlier on Friday.

Key aspects of the agreement are still unclear, including whether Mexico has pledged to buy more US agricultural products and if the deal materially expanded a previous commitment by Mexico to more vigorously police its southern border with Guatemala.

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During a press briefing Monday, President Andes Manuel Lopez Obrador said avoiding the tariffs was more important than playing political games with Washington.

The president also did not dismiss the idea of possibly imposing tariffs in the future, but said he doesn't think it will be needed.

Under such safe third country status, that country for many Central American migrants fleeing poverty, violence and corruption in their native countries would be Mexico.

McAleenan added that "Mexico came to the table with real proposals".

Later on Monday, however, Ebrard also said that Mexico would begin talks about a possible "safe third country" agreement if migration at Mexico's southern border did not decrease within the 45 days.

A total of 24 immigrants have died in US Immigration and Customs Enforcement (Ice) custody during the Trump administration, according to an NBC analysis. Still, Martha Barcena, Mexico's ambassador to Washington, told CBS News on the weekend there had been discussion of reducing the numbers to levels around those of 2018.

Ebrard said he thought Trump might be making a calculation based on Mexican agricultural imports when freed from the threat of tariffs.

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