Published: Tue, June 11, 2019

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

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

Many had thought Trump was alluding to the idea of Mexico becoming a "safe third country", which would make it harder for asylum seekers who pass through the country from other places to claim refuge in the U.S. It's not Mexico's, but it will go into effect when Mexico tells me it's okay to release it, ' he said of the piece of paper.

Donald Trump returned to the offensive over criticism of his immigration deal with Mexico on Monday, accusing the New York Times of "sick journalism" for a report which said key components of the deal, announced on Friday, had been agreed for months. "Additionally, and for many years, Mexico was not being cooperative on the Border in things we had, or didn't have, and now I have full confidence, especially after speaking to their President yesterday, that they will be very cooperative and want to get the job properly done".

"France charges us a lot for the wine and yet we charge them very little for French wine", he said on CNBC.

In May, more than 132,000 people were apprehended at the southern border, according to US Customs and Border Protection, the highest monthly number in the past 13 years. You think we had that two weeks ago?

"We would start conversations about what they would like, which is for Mexico to become a safe third country", Ebrard said on a Mexican radio programme.

During negotiations the United States also wanted Mexico to agree to a "safe third country" agreement, where asylum seekers would be granted asylum in Mexico and be unable to claim asylum in the USA, but Mexico ultimately got the back off that request. In exchange for suspending the tariffs, Mexico agreed to help the US with illegal immigration.

European Union import duties on wine are higher than USA tariffs on European wines, including those from France, but EU consumers buy less of the American product. I'm not going to say one way or another, ' he said.

Mexico and the United States might consider additional steps next month to restrict irregular immigration from Central America, Mexico's foreign minister said on Monday as the USA president renewed his threat to impose tariffs if certain aspects of a deal reached last week were not implemented.

Under the deal, they said Mexico also agreed to expand what is known as the Remain in Mexico policy, which allows the send back Central American asylum-seeking migrants to Mexico while their cases make their way through immigration courts.

He said the tax on those goods would increase each month the problem persisted until October, when it would cap at 25 per cent.

What both sides do agree on is that Mexico will deploy thousands of national police to its southern border region to help enforce its own immigration laws.

President Trump is reportedly considering slapping tariffs on French wine to protect USA winemakers.

"Therefore, the United States and Mexico will continue their discussions on the terms of additional understandings to address irregular migrant flows and asylum issues, to be completed and announced within 90 days, if necessary", the statement says.

Critics have said there have been no new major commitments to slow the migration of Central Americans to the United States.

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