London in lockdown as UK prepares for Donald Trump visit protests – Metro.co.uk

London in lockdown as UK prepares for Donald Trump visit protests - Metro.co.uk

Trump deadly serious about Mexico tariff threat, White House aide says

Read more Speaking to Fox News Sunday, acting chief of staff Mick Mulvaney acknowledged there are no concrete benchmarks being set to assess whether Mexico is acting to reduce numbers of migrants from Central America entering the US via Mexican territory enough to satisfy the White House.

We intentionally left the declaration sort of ad hoc, he said. So, theres no specific target, theres no specific percent, but things have to get better. They have to get dramatically better and they have to get better quickly.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Video: Trump stands firm on Mexico tariff proposal, responds to critics

He said the idea was to work with the Mexican government to make sure that things did get better.

Further to the end of last week's risk off state of play that came about following Trump's Mexico tariff announcements in early Asia on Friday, CNBC wrote a piece noting that Mexico’s president on Saturday hinted his country could tighten migration controls to defuse U.S. President Donald Trump’s threat to impose tariffs on Mexican goods. This news came after a news conference in the Gulf of Mexico port of Veracruz, where President Andres Manuel Lopez Obrador said Mexico could be ready to step up such measures in order to reach a deal with the United States. Mexico’s president said he expected “good results” from talks planned in Washington next week – Risk positive.

Mexican Foreign Minister will hold a news conference in Washington DC on Monday

Trump claims Mexico has taken advantage of the US for decades but that the abuse will end when he slaps tariffs on Mexican imports next week in a dispute over illegal immigration. He tweeted on Sunday: America has had enough.

How serious is Trumps latest tariff threat against Mexico?

The president said last week that he will impose a 5% tariff on Mexican goods on 10 June to pressure the government of Andrés Manuel López Obrador to act on the issue of migrants. Trump said the import tax will increase by 5% every month through October, topping out at 25%.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

The president has been here before, issuing high-stakes threats over his frustration with the flow of migrants only to later back off. They include a threat earlier this year to seal the border with Mexico.

Gain access to global coverage from local journalists on the ground in 50+ countries working around the clock to break news, analyze, spot risks and opportunities.

Republicans on Capitol Hill and allies in the business community have signaled serious unease with tariffs they warn will raise prices for consumers and hurt the economy. Some see the threat as a play for leverage and doubt Trump will follow through.

Mike Pompeo, the US secretary of state, is expected to return from Europe to lead the American side of the discussions on Wednesday as Mexico aims to avert a 5 per cent tax on its exports. Mr Trump said that this would rise monthly, up to 25 per cent, if illegal border crossings were not halted.

Senator John Kennedy of Louisiana on Sunday called the tariffs a mistake and said its unlikely Trump will actually impose them. The president has been known to play with fire, but not live hand grenades, Kennedy said on CBSs Face the Nation.

Mexico has rushed to offer talks on illegal migration after President Trump threatened punitive tariffs and sent a series of tweets calling the country an abuser of the United States.

Its going to tank the American economy, he said. I dont think the presidents going to impose these tariffs.

Marcelo Ebrard, the Mexican foreign minister who arrived in Washington to lead negotiations, said that talks began after Mr Trump announced plans on Friday for border duties from June 10.

Mexican officials are due to meet later this week with secretary of state Mike Pompeo in a bid to come to a resolution. López Obrador hinted on Saturday that concessions could be forthcoming.

Get The International Pack for free for your first 30 days for unlimited Smartphone and Tablet access.

I think what the president said, what the White House has made clear, is we need a vast reduction in the numbers crossing, Kevin McAleenan, acting secretary of the Department of Homeland Security, said on CNNs State of the Union.

Video: Mexico offers economic incentives to keep its citizens from migrating to U.S.

Mulvaney, who also spoke Sunday on NBCs Meet the Press, said Mexico could take various steps to decrease the record numbers of migrants at the border. He suggested the government could seal its southern border with Guatemala, crack down on domestic terrorist organizations and make Mexico a safe place for migrants seeking to apply for asylum.

Mulvaney insisted that Trump is absolutely, deadly serious about tariffs and downplayed fears of their effect, saying he doubts business will pass on the costs to shoppers.

Video: Trump prepares to defend trade wars with Mexico, China

He also suggested the tariffs were an immigration issue, separate from the trade deal the US is trying to negotiate with Mexico and Canada.

The tariff threat comes just as the administration has been pushing for passage of the United States-Mexico-Canada Agreement, which would update the North American Free Trade Agreement.

Donald Trump State Visit: All the details as US president prepares to land at Stansted Airport

Several top GOP lawmakers have expressed concerns that Trumps tariff threat could upend that deal. The chairman of the Senate finance committee, Chuck Grassley of Iowa, said last week the tariffs would seriously jeopardize passage of the USMCA, which needs approval in Congress.

Donald Trump and First Lady Melania Trump will bring his hurricane of political intrigue and chaos to the UK today for three eventful days

More news:

Woman arrested after Trump baby blimp deflated during protests in London – Express
Woman arrested after Trump baby blimp deflated during protests in London – Express
Labour says Trump does not deserve such special honours – The Guardian
Labour says Trump does not deserve such special honours – The Guardian
Donald Trump UK visit LIVE: Theresa May and US President prepare for talks amid planned mass protest – Evening Standard
Donald Trump UK visit LIVE: Theresa May and US President prepare for talks amid planned mass protest – Evening Standard
Trump visit: Jeremy Corbyn to join mass protests in London – The Guardian
Trump visit: Jeremy Corbyn to join mass protests in London – The Guardian
Sadiq Khan claims London NOT LESS SAFE despite surge in crime since he became Mayor – Express
Sadiq Khan claims London NOT LESS SAFE despite surge in crime since he became Mayor – Express
Trump visit: mass protests to be held in London as baby blimp returns – The Guardian
Trump visit: mass protests to be held in London as baby blimp returns – The Guardian
Donald Trump In London: What Are His Movements? Where Should You Protest? – Londonist
Donald Trump In London: What Are His Movements? Where Should You Protest? – Londonist
Donald Trump UK visit: Tempers flare as pro and anti-Trump protesters gather outside Buckingham Palace – Evening Standard
Donald Trump UK visit: Tempers flare as pro and anti-Trump protesters gather outside Buckingham Palace – Evening Standard
Man armed with hammer detained at mosque in Southall, west London – The Guardian
Man armed with hammer detained at mosque in Southall, west London – The Guardian
Trump insults London mayor Sadiq Khan moments before UK state visit – The Independent
Trump insults London mayor Sadiq Khan moments before UK state visit – The Independent
Southall mosque: Hammer attack man detained by worshippers – BBC News
Southall mosque: Hammer attack man detained by worshippers – BBC News
Trump UK visit: Baby blimp given go ahead to fly over London during presidents trip – The Independent
Trump UK visit: Baby blimp given go ahead to fly over London during presidents trip – The Independent