Thursday, November 28, 2024

Mexico

In the recent reporting of conversations between Trump and Mexican President Claudia Sheinbaum, Trump once again showed that he was not a politician. It started when Trump said he would impose a 25% tariff on Mexican imports if Mexico did not stop the caravans. This prompted a phone call in which Sheinbaum said, In a post on X, Sheinbaum said she told Trump that migrant caravans are not arriving to the US border because they are being “addressed” in Mexico. Trump immediately went for the jugular and said, She has agreed to stop Migration through Mexico, and into the United States, effectively closing our Southern Border. Sheinbaum was just elected in June and wants to get off to a good start and would lose credibility if faced with these tariffs. Trump is in his last hurrah and holds all the cards. While the tariffs would be bad for the US they would be devastating for Mexico. US imports from Mexico represents 12% of total US imports but Mexican imports from the US represents 43% of their total imports. Mexico's economy is highly dependent on foreign trade, with about 80% of its exports going to the US The ball is now in Sheinbaum's court.

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