Short-term gains
The recent 30-day suspension of American tariffs on Mexican and Canadian goods underscores the unpredictability of trade policy under US President Donald Trump.
The recent 30-day suspension of American tariffs on Mexican and Canadian goods underscores the unpredictability of trade policy under US President Donald Trump.
United States President Donald Trump has agreed to delay punishing tariffs on all exports from Canada and Mexico, which resulted in a threat of retaliatory tariffs from Canada.
India’s reduction in import tariffs is being positioned as a move toward greater trade openness in the midst of a major global trade war launched by the US which threatens to target more countries.
Trade wars are not fought with missiles and tanks, but their impact can be just as devastating. They are battles waged with numbers, policy manoeuvres, and, often, a touch of political bravado.
US tariff hikes on Mexico will be delayed by a month, President Donald Trump announced on Monday indicating a “deal” could be coming. Conversations with Canada are also underway, as Trump spoke with Justin Trudeau.
The infamous Sinaloa Cartel is a major player in this system. Till 2005-2007, Chinese traders in both legal wildlife commodities and illegal wildlife products dealt directly with local hunters, poachers, and fishermen. Today, Mexican narco-criminal groups have inserted themselves into the value chain, as it were, as facilitators and/or middlemen.
As the number of food consumers was much larger than the number of corn farmers, Mexico’s government decided in favour of joining NAFTA. Soon over a million farmers were driven off their land and the rush of displaced farmers to cities also led to fall in industrial wages. What was worse, even promises made regarding cheaper food to consumers were not fulfilled. Instead of declining, the price of staple food increased steeply.
Comprising about 4,000 to 5,000 mostly Central American and Haitian migrants at one point, the caravan currently numbers about 500 people
Mexico has no formal amnesty for former leaders, and there is nothing in current law saying they can't be brought to justice if there is evidence they have committed a crime.
The move is another significant effort at redress for Trump policies that Biden administration officials and their allies say were cruel and inhumane
