Economy

Schumer Tries to Be Sarcastic after Mexico Deal Announcement…It Doesn’t Work!

Schumer Tries to Be Sarcastic after Mexico Deal Announcement…It Doesn’t Work!

Late on Friday, the USA and Mexico struck an accord to avert a tariff war when Mexico agreed to expand a contentious asylum program and deploy security forces to stem the flow of migrants from Central America.

He said Trump had complaints worth heeding, noting that some WTO rules made it hard to constrain Chinese trade practices that have caused frictions.

The Department of Homeland Security said this week that US apprehensions of migrants illegally crossing the border in May hit the highest level in more than a decade: 132,887. Mexico will "offer jobs, healthcare and education" to those people, according to the agreement. Details on the agreement, Trump said, will be released by the State Department.

Mexico had prepared a list of possible retaliatory tariffs targeting products from agricultural and industrial states regarded as Trump's electoral base, a tactic China has also used with an eye toward the Republican president's 2020 re-election bid.

The tweet marked a change in tone from earlier Friday, when his spokeswoman Sarah Sanders told reporters in Ireland before Trump took off: "Our position has not changed".

Global markets have been roiled by the Trump administration's aggressive use of tariffs, fanning concern about the stability of multilateral institutions that grew up after the second world war. Through June 5, 10,393 mostly Central Americans have been sent back to Mexico since the program started in January.

But the tariffs also drew unusually strong opposition from Trump's fellow Republicans, especially lawmakers from farm states who anxious about losing their second largest worldwide market.

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In turn, Mexico managed to avoid a proposal it had continually rejected - that it process asylum claims on its own soil before migrants try to reach the United States.

"The United States and Mexico will continue their discussions on the terms of additional understandings to address irregular migrant flows and asylum issues, to be completed and announced within 90 days, if necessary", the statement said.

Trump tweeted his more optimistic view from Air Force One as he flew home from Europe, but added, "If we are unable to make the deal, Mexico will begin paying Tariffs at the 5% level on Monday!" But the State Department's Undersecretary for Management Brian Bulatao has denied all their requests so far this year, saying they can display the flag in other places inside and outside the embassies instead, NBC News reports.

It was not immediately clear whether Mexico made such a pledge. "It's not a way to meet the humanitarian needs at the border", Pelosi said during her weekly press briefing on Wednesday.

"Mexico came through", said Senator Chuck Grassley, an Iowa Republican opposed to the tariffs, in a tweet soon after Mr Trump's announcement.

This is an historic night!