0 $
2,500 $
5,000 $
2,200 $
8 DAYS LEFT UNTIL THE END OF SEPTEMBER

US Primes To Start Trade Wars With India and Mexico

Support SouthFront

US Primes To Start Trade Wars With India and Mexico

Click to see full-size image

On May 30th, US President Donald Trump threatened to impose a 5% tariff on all goods being imported from Mexico.

The tariff would gradually be increased unless the “illegal immigration problem is remedied.”

In another tweet he said that 90% of drugs into the US entered through Mexico and that it has killed thousands and ruined millions of lives.

The initial 5% tariff would be imposed on June 10th, 2019. If the illegal immigration problem persists, the tariff will be raised to 10% on July 1st, 2019.

“Similarly, if Mexico still has not taken action to dramatically reduce or eliminate the number of illegal aliens crossing its territory into the United States, Tariffs will be increased to 15 percent on August 1, 2019, to 20 percent on September 1, 2019, and to 25 percent on October 1, 2019.  Tariffs will permanently remain at the 25 percent level unless and until Mexico substantially stops the illegal inflow of aliens coming through its territory,” the Presidential Statement read.

The White House further released a statement saying that Mexico has strong immigration laws, “much stronger than our own,” and that the time had come to enforce them.

“We have confidence that Mexico can and will act swiftly to help the United States stop this long-term, dangerous, and deeply unfair problem.  The United States has been very good to Mexico for many years.  We are now asking that Mexico immediately do its fair share to stop the use of its territory as a conduit for illegal immigration into our country.”

On June 2nd, Trump said that Mexico was sending a delegation to discuss the situation, but that action was required, since “they’ve been “talking” for 25 years.”

Mexico is Washington’s largest trading partner, sending across the border items like tomatoes, cars and rugs. Mexico sent the United States $346.5 billion of goods last year — meaning that a 5% tariff on those products would amount to a tax increase of more than $17 billion.

Mexican President Andrés Manuel López Obrador said that the issue needed to be solved through dialogue, but if that brings no solution, the Mexican government was prepared to seek help from international institutions.

Mexican Economy Minister Graciela Marquez on June 1st, tweeted that she spoke to U.S. Commerce Secretary Wilbur Ross and that they would meet on June 3rd in Washington to discuss how to remedy the situation.

Mexican Foreign Minister Marcelo Ebrard said that on June 1st, Mexican officials convened to discuss how to rectify the situation.

There will be a live press conference with both delegations from the US and Mexico in the early hours of June 3rd.

Separately, in a Presidential Proclamation US President Donald Trump announced that India would lose its special trade status as a developing country on June 5th, 2019.

“I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets.  Accordingly, it is appropriate to terminate India’s designation as a beneficiary developing country effective June 5, 2019.”

This is a follow up on Trump’s intent from March 4th, when he notified India and the US Congress that the designation would be lifted.

India will be removed from the preferential trade program, known as the Generalized System of Preferences, which gives developing countries easier access to the US market and lowers US duties on their exports. Turkey was also removed from the country earlier in 2019.

The tariffs will apply to “large residence” washing machines and solar cells and panels from India.

Another long-standing friction between the two countries involves cheaper generic drugs. India meets almost 40% of U.S. demand. Should Trump drive a hard line around poor quality and price fixing, the consequences for India’s economy could be serious.

In a statement, India’s government said it was “unfortunate” that the US did not accept India’s offer of a resolution.

“In any relationship, in particular in the area of economic ties, there are ongoing issues which get resolved mutually from time to time. We view this issue as a part of this regular process and will continue to build on our strong ties with the US, both economic and people-to-people,” the statement read.

The Indian Commerce Ministry said that “India as part of our bilateral trade discussions, had offered resolution on significant US requests in an effort to find a mutually acceptable way forward. It is unfortunate that this did not find acceptance by the US.”

India had offered a package to US, both before and after White House announced its decision on discontinuing of GSP status.

According to the Economic Times, “By targeting India, Trump isn’t opening another front in the trade war, after China and Mexico. He is sending a warning shot that the U.S. expects New Delhi to do more to prove it’s a Washington ally.”

MORE ON THE TOPIC:

Support SouthFront

SouthFront

Subscribe
Notify of
guest
8 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
alryr

US Primes To Defend Itself In Trade Wars With India and Mexico

Feudalism Victory

Mexico is now paying for the wall They could have done it with one bill quickly and easily. But Obama deep state traitors let them think they could get away with ignoring it like John Kerry collaborating with Iran behind the scenes.

Now they pay more. A lot more.

Barba_Papa

I sense a fan of the Orange One. That is not meant as an insult by the way, just an observation.

I do think its hilariously funny these tariffs on Mexico. He couldn’t get Congress to fund the Wall, so he found another way to do it. And indeed make Mexico pay for the wall. And they say that the Orange One doesn’t keep his election promises.

Feudalism Victory

Best news I’ve heard in a while. And I wouldn’t take it an insult even if you meant it as one.

TRUMP 2020

IMHO

Anything he can do to hurt Mexico is ok by me. Mexico does more harm to the U.S. than any other country.

verner

what infantile crap is that. attend school and try to get a decent education, which I know is impossible in the disintegrating states of america but that’s not the fault of the mexicans but rather the neo-nazis in washington dc that are converting taxes to private profits for the weapons manufacturers and not using those taxes on neither the infrastructure nor schooling.

boeings stock value increased some 2000% from 2000 to 2018 the same for northrop-grumman, the same for lockheed martin and so on.

that undereducated obese zombies from the fly over states indulge in meth, coke or smack coming up from mexico is not mexico’s fault, it’s according to the neo-nazi’s plan. the real perpetrator is companies like purdue pharma and j&j und zu weiter . donkey”

Ilya

This is basic Westphalian sovereignty – if Mexico can’t control its border to stop its population invading, it fails a necessary condition to be called a state.

Rafik Chauhan

India should not worry . US need India more . then India need US. US is playing Dirty with india bcuz India law doesn’t allow outsider to dictate inside india. US is doing this to pressure india not o buy oil from iran anf weopeons from Russia. India should stand firm and keep their diginity and keep bying oil from iran and weopeons from Russia to show US Zionist that INdian people are not slave anymore .

8
0
Would love your thoughts, please comment.x
()
x