Businesses warn Trump of consequences of new Mexican tariffs

इंडिया समाचार समाचार

Businesses warn Trump of consequences of new Mexican tariffs
इंडिया ताज़ा खबर,इंडिया मुख्य बातें
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President Trump isn't backing down from his threat to impose a tariff on Mexican imports, though US manufacturers say it would be devastating.

Migrant children line up for a meal at the door of the Jesus del Buen Pastor del Pobre y el Migrante shelter, in Tapachula, Chiapas state, Mexico, Thursday, May 30, 2019. Resentment has been growing in parts of central Mexico as the flow of migrants has continued. Towns were receptive and welcoming to the first caravans last year, but more recently have felt overwhelmed.

Mexico has stepped up raids on migrant caravans traveling through the southern states of Chiapas and Oaxaca this year. It has deported thousands of migrants and frustrated thousands more who wait endlessly for permits that would allow them to travel legally through Mexico. Trump said the percentage will gradually increase — up to 25% — until the migration problem is remedied.

Keeping the economy rolling also is critical to Trump’s reelection, and business was not happy with the president’s planned tariff on Mexican imports. “The auto sector - and the 10 million jobs it supports - relies upon the North American supply chain and cross border commerce to remain globally competitive,” said the Auto Alliance, which represents automakers that built 70% of all cars and light trucks sold in U.S. “Any barrier to the flow of commerce across the U.S.-Mexico border will have a cascading effect — harming U.S. consumers, threatening American jobs and investment and curtailing economic progress.

Key trade senators also spoke up. Pennsylvania GOP Sen. Pat Toomey, who has questioned the administration’s ability to invoke national security threats for some other imports, called the tariffs a “blanket tax increase” on items Americans purchases from Mexico and “the wrong remedy.”

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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