Tagged: North American Free Trade Agreement

Trump threatens government shutdown over border wall funding

(BLOOMBERG) — President Donald Trump threatened Tuesday to bring the U.S. government to the brink of a shutdown if needed to pressure Congress into funding the border wall that was a centerpiece of his 2016 campaign.

Delivering a warning to Democratic lawmakers who have objected to his plans to construct a wall along the U.S.-Mexico frontier, Trump called them “obstructionists” and said that it was time for the U.S. to crack down on illegal immigration.

“If we have to close down our government, we’re building that wall,” Trump told thousands of supporters gathered in Phoenix for a campaign-style rally. “One way or the other, we’re going to get that wall.”

Trump’s threats about shutting down the government and ending the North American Free Trade Agreement caused U.S. stock-index futures to pare gains and drop as much as 0.3 percent. Dow futures were down 0.2 percent as were E-Mini Nasdaq 100 futures.

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Trump, Peña Nieto discuss Mexican guest-worker proposal

(FOX BUSINESS) — By Robbie Whelan

Mexican President Enrique Peña Nieto and U.S. President Donald Trump, at their first one-on-one meeting since Mr. Trump took office, agreed Friday to explore new ways of allowing Mexican workers to temporarily enter the U.S. to help the agriculture industry.

The proposal came at the end of a half-hour meeting between the two heads of state at the G-20 summit in Hamburg, Germany, where both sides also discussed the coming renegotiation of the North American Free Trade Agreement, which Mexico’s government said it hoped to finish by the end of this year.

“We’re negotiating Nafta and some other things with Mexico and we’ll see how it all turns out, but I think that we’ve made very good progress,” Mr. Trump said after the meeting, according to Reuters.

Despite the upbeat message, the meeting could have gotten off on the wrong foot when a reporter asked Mr. Trump if he still wanted Mexico to pay for the proposed border wall. Mr. Trump answered, “Absolutely,” according to a video posted online by ABC News.

Mexican Foreign Minister Luis Videgaray, who was seated next to Mr. Peña Nieto during the exchange, said he didn’t hear what Mr. Trump said, but added that the subject of the wall wasn’t brought up during the meeting.

Mexican officials have insisted they would walk out of any meeting between both sides if the U.S. team brought up Mexico paying for the wall.

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White House press secretary says border wall will be funded by 20 percent import tax on Mexican goods

(BREAKING 911) — Trump spokesman Sean Spicer added a stunning new detail about the proposed wall project later Thursday, saying that Trump intended to pay for it by imposing a 20-percent tax on all imports from Mexico.

Mexican President Enrique Peña Nieto had been scheduled to meet with Trump on Tuesday to discuss immigration, trade and drug-war cooperation. He called off the visit after Trump tweeted that it would be “better to cancel the upcoming meeting” if Mexico was unwilling to pay for the wall.

Trump’s moves have rekindled old resentments in Mexico, a country that during its history has often felt bullied and threatened by its wealthier, more powerful neighbor. The legacy of heavy-handed U.S. behavior – which includes invasions and the seizure of significant Mexican lands — has mostly been played down by a generation of Mexican leaders who have pursued pragmatic policies and mutual economic interests with both Republican and Democratic U.S. administrations.

Both Peña Nieto and Spicer said that their countries were interested in maintaining positive relations. “We will keep the lines of communication open,” Spicer told reporters in Washington on Thursday morning, adding that the White House would “look for a date to schedule something in the future.” The Mexican president tweeted that his government was willing to work with the United States “to reach agreements that benefit both nations.”

But Mexicans expressed shock and dismay as Trump moved to turn his campaign promises into reality.

Mexicans view a wall across the 2,000-mile border as a symbolic affront, part of a package of Trump policies that could cause the country serious economic pain. They include a crackdown on illegal immigrants, who send billions of dollars home, and renegotiation of the North American Free Trade Agreement, or NAFTA. The treaty has allowed trade between the neighbors to mushroom. Every day, $1.4 billion in goods ccross the U.S.-Mexico border, and millions of jobs are linked to trade on both sides. Mexico is the second largest customer for American-made products in the world, and 80 percent of Mexican exports – automobiles, flat screen TVs, avocados – are sold to the United States.

“When we are talking about building a wall, about deporting migrants, about eliminating sanctuary cities [for migrants], about threatening to end a free trade agreement, or to take away factories, we are really talking about causing human suffering,” Margarita Zavala, a possible candidate for the presidency in 2018 and the wife of former president Felipe Calderon, said in an interview. “And after today, without a doubt, it is very difficult to negotiate from behind a wall.”

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