November 26, 2024 14:05 GMT
US: MEXICO: Sheinbaum Urges Cooperation After Trump Tariff Announcement
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Reuters reporting that Mexican President Claudia Sheinbaum will send a letter to US President-elect Donald Trump, "urging dialogue and cooperation following his pledge of across-the-board tariffs of 25% on Mexico and Canada."
- In a series of social media posts yesterday, Trump explicitly linked the tariffs on Mexico, Canada, and China to illegal immigration and fentanyl, a national security framing seen as a way to enact the tariff without Congressional approval.
- Sheinbaum said in response: "Migrant caravans are no longer arriving at the US-Mexico border... We have always shown Mexico's willingness to stem the fentanyl epidemic in the US."
- Sheinbaum added: "It is not with threats nor with tariffs that the migratory phenomenon nor drug consumption will be addressed... these big challenges require cooperation and reciprocal understanding."
- Sheinbaum also noted that the tariffs are likely to provoke retaliatory measures, risking a trade war: "To one tariff will come another in response and so on until we put common businesses at risk."
- The New York Times notes: "Trump’s latest threats may be just a negotiating tactic. That’s the belief of some Trump backers, including Bill Ackman... But they are a reminder of how Trump set off alarm bells across diplomatic channels and international markets during his first term often via social media posts."
- With the starting gun fired on the trade talks, there is considerable focus on Trump's selection to run the United States Trade Representative. His pro-tariff first-term USTR Robert Lighthizer, yet to pick up an administration job, is favoured to take the position.
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