Mexican President Andres Manuel Lopez Obrador has announced that his country wants to take more rigorous action against illegal migration to the US In this way he hopes to persuade Donald Trump not to impose import tariffs.
A Mexican delegation led by Foreign Minister Marcelo Ebrard will talk to top American officials in Washington on Wednesday. Lopez Obrador has a lot of confidence in a good course. “The most important thing is that we report what we are already doing. If it is necessary to intensify these measures without violating human rights, we could be willing to conclude an agreement. ”
On Thursday, Trump announced that on 10 June the US will impose an import tax on products from Mexico of 5%. This is increased every month by 5 percentage points until finally 25% is reached, unless Mexico tackles the problem of illegal immigration hard.
In response to this announcement, stock markets and bond yields fell sharply on Friday. The expansion of the global trade war increases the chance that the US will end up in a recession next year.