Mexican and U.S. officials held a second day of talks on trade and migration on ...
WASHINGTON/MEXICO CITY - Mexican and U.S. officials held a second day of talks on trade and migration on Thursday, with markets rebounding on optimism a deal could be close, although it was unclear if Mexican pledges to curb migration flows were enough to persuade the Trump administration to postpone tariffs.
U.S. stocks, oil and Treasury yields rose on Thursday afternoon on indications the two sides were getting closer. Mexican Foreign Minister Marcelo Ebrard told reporters the Mexican government had offered to send 6,000 members of the National Guard to secure its southern border with Guatemala. Brad Parscale, Trump’s 2020 campaign manager, tweeted on Thursday: “Mexico sent representatives to Washington as soon as President @realDonaldTrump announced possible tariffs. We are expected to have over 1 MILLION people arrive at our Southern Border this year. Dems are playing games with the border. The president is not!”If the tariffs go ahead, the United States would be in a serious trade dispute with both China and Mexico - two of its three top trading partners.
Officials of the U.S. Federal Reserve and International Monetary Fund separately warned on Thursday that global trade tensions and rising tariffs posed an increasing risk to decades of U.S. expansion, as well as to the global economy.
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