Trump May Have Called Off Tariffs on Mexico, But Wait, There’s More

Mexican officials and global financial markets may be cheering that the US government has called off the proposed tariff hike on Mexico, but

Arslan Butt•Wednesday, June 12, 2019•1 min read

Mexican officials and global financial markets may be cheering that the US government has called off the proposed tariff hike on Mexican imports, but Trump’s not done yet. On Tuesday, the US President insisted that there were more factors in play with regards to the migrant deal announced between US and Mexico.

Mexican officials have confirmed that they have 45 days to prove that their increased enforcement along the borders have borne results to curb illegal migration. If not, both sides will have to meet again to discuss additional measures that Mexico would need to undertake.

According to a document that Trump displayed when addressing reporters on Tuesday, Mexico has to commit to examine and even consider changing its laws to implement the US-Mexico migrant deal, which also includes a regional asylum plan as part of it.

The US had long insisted that Mexico should be declared as a safe country for asylum seekers, but Mexico had rejected this option in the past. However, on Monday, Mexican Foreign Minister suggested that other Central American countries should share the load of asylum seekers with Mexico under such an agreement.

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ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.