On 07/06/2019 18:06, trader_4 wrote:
On Friday, June 7, 2019 at 9:41:31 AM UTC-4, Bod wrote:
Vice President Mike Pence on the crisis at the U.S. southern border and
President Trumps threat to impose tariffs on Mexico.
On trade Opens a New Window. , the hits Opens a New Window. keep coming.

The White House's plan to impose tariffs€” starting at 5 percent on
Monday and escalating to as much as 25 percent by October €” on all goods
imported from Mexico will throw a serious wrench into the gears of the
American economy.
This move will hike taxes on all Americans and undermine U.S.
credibility on trade, while doing nothing to address the very real
problems at the southern border.

https://www.foxbusiness.com/business...or-u-s-economy
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Bod

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Trump hasn't made specific demands on Mexico, they are talking, it seems
likely they will come up with something that avoids the tariffs. And I
would not have a problem with tariffs either, if it comes to that and
if Trump had not just concluded his "tremendous" USMCA. If this was
another time, it would be a lot different. Having just completed USMCA,
with that still not approved, the timing was all wrong. As was Trump
for blindsiding Mexico with this, no warning. The Mexican president had
just submitted USMCA to their Senate, the chief Mexican negotiator had
just made a speech praising it, pushing it for approval. Trump just
blew them out of the water, no warning, embarrassed them. What message
does that send to China, NK, Iran, the rest of the world, about Trump
honoring his "deals"? Is that in the Art of the Deal book? Negotiate,
then renege and start it all over again?

Probably, yes.

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Bod