Mexico remains hopeful it can reach a migration deal with US as tariffs loom

Mexican Foreign Minister Marcelo Ebrard Casaubon speaks during a press conference with the Mexican delegation negotiating tariffs with US officials on June 3, 2019 at the Mexican Embassy in Washington,DC. (
Eric Baradat | AFP | Getty Images

Mexico can reach an agreement with the United States to resolve a dispute over migration that prompted U.S. President Donald Trump to threaten punitive tariffs, Mexican officials said on Monday as diplomatic talks were set to begin in Washington.

Mexican officials spoke to reporters as a senior Mexican delegation prepared to start discussions with their U.S. counterparts.

Mexico's Foreign Minister Marcelo Ebrard said if Washington imposed tariffs on Mexican imports, it could be counterproductive to stopping immigration flows across the U.S.-Mexico border.

The discussions will include a meeting of Mexican Agriculture Minister Victor Villalobos and U.S. Agriculture Secretary Sonny Perdue on Monday, Mexican officials said.

U.S. Trade Representative Robert Lighthizer and acting U.S. Homeland Security Secretary Kevin McAleenan is also expected to participate in talks, Mexican officials said.

Mexican Economy Secretary Graciela Marquez and U.S. Commerce Secretary Wilbur Ross will meet this week, as will Ebrard and U.S. Secretary of State Mike Pompeo

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Is China really paying for Trump's tariffs? It isn't so straightforward

Key Points
  • As the trade war between the U.S. and China rages on, a crucial question for investors is: Who actually pays for the elevated tariffs imposed by President Donald Trump's administration?
  • Trump has on many occasions said the U.S. is collecting billions of dollars in tariffs from China.
  • An expanding body of research shows, however, that the burden of Washington's tariffs has mostly fallen on the U.S., with American importers and consumers having to fork out more money to buy Chinese goods.
  • Still, that doesn't mean China has escaped the trade war unscathed. Trump's tariffs may well deal significant damage to the Chinese economy in the longer term.