President Donald Trump said that he will not terminate the North American Free Trade Agreement (NAFTA) at this time, but promised to renegotiate instead, Fox News reported.
Sen. Ted Cruz (R., Texas) introduced the Ensuring Lawful Collection of Hidden Assets to Provide Order (EL CHAPO) Act on Tuesday, intending to cover the cost of the southern border wall by seizing more than $14 billion in drug proceeds from infamous Mexican drug lord Joaquín “El Chapo” Guzmán.
The Obama administration began the process last year of granting legal status to an adult illegal immigrant from Mexico with a criminal background who federal agents tried deporting twice and is now accused of killing his 15-year-old girlfriend.
Democratic Rep. Gwen Moore (Wis.) intends to introduce legislation on Thursday that would block President Donald Trump from using federal funds to pay for his proposed wall on the U.S.-Mexico border.
Following Mexico’s growing rift with the United States over President Donald Trump’s plan to build a wall on the border and put a 20 percent import tax on Mexico to pay for it, Mexican billionaire Carlos Slim held a rare news conference in which he offered to assist President Pena Nieto in negotiations.
White House spokesman Sean Spicer suggested Thursday the U.S. could pass on the cost of President Donald Trump’s southern border wall by imposing a 20 percent tax on all Mexican imports.
The value of the peso took a sharp downturn Thursday after Mexican President Enrique Peña Nieto announced he had canceled a meeting with President Trump scheduled for next week.
Mexico’s President Enrique Peña Nieto tweeted on Thursday that he had informed the White House that he will not be attending a meeting with President Donald Trump scheduled for next Tuesday.