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Mexico publishes Trump's 'secret deal' on migration

https://news.yahoo.com/under-fire-home-trump-mexico-races-roll-migration-184716100.html

Mexico City (AFP) - Mexico published the document Friday that Donald Trump earlier flaunted as a secret deal to curb migration, but denied it had capitulated to the US president's demands for a so-called "safe third country" agreement.

Foreign Minister Marcelo Ebrard underwent a grilling in Mexico's Congress, where some lawmakers insisted otherwise and demanded more details on what exactly he agreed to in the last-minute deal brokered a week ago to dodge Trump's threat to impose tariffs on Mexican goods.

Angry over a surge of Central Americans seeking US asylum, Trump is pushing Mexico to agree to a deal in which migrants entering Mexican territory would have to apply for refugee status there, not in the United States.

The language in the "supplementary agreement" released by Mexico appears to resemble that. However Mexico's foreign ministry insisted the document -- signed by a deputy legal advisor to the ministry and his State Department counterpart -- was "not a binding bilateral agreement."

Rather, it says the two sides agree to immediately open talks to arrive at just that -- a "binding bilateral agreement" -- in which Mexico "would accept the return, and process refugee status claims, of third-party nationals" who cross its territory to reach the United States.

If in 45 days Washington decides that Mexico City's efforts to curb migration are not enough, then the Mexican government "will take all necessary steps under domestic law" to bring that agreement into force in another 45 days, the text concludes.

Trump had waved the one-page document in front of reporters Tuesday to fend off critics who said he had in fact extracted little in the way of new commitments from Mexico with his tariff threats.

Photojournalists managed to capture a few sentences that day, but the full contents had not previously been revealed.

They will now almost certainly add fuel to the raging debate over who got the best of whom in the Mexican tariff row.

- Trump happy, for now -

Mexico's leftist President Andres Manuel Lopez Obrador has celebrated the reprieve from Trump's tariffs as a diplomatic victory, and his government is racing to show that it is taking decisive action during the 45-day grace period.

Under the countries' main deal, Mexico agreed to deploy 6,000 National Guardsmen to reinforce its southern border, and to expand its policy of taking back migrants as the United States processes their asylum claims.

Ebrard said the National Guard deployment will be complete by Tuesday, and that 825 additional immigration officers will start work this weekend.

In Washington, Trump appeared content to play nice with Mexico -- for now.

"Big difference in the border between now and this time last week. Mexico has been doing a terrific job. Hey, 6,000 soldiers, and if it doesn't work out, then we go back to very strong measures," he said on Fox News.

He added that if Mexico did not address the issue to his satisfaction, he would make it implement a safe third country agreement.

- Angry lawmakers -

Any such deal would have to go through Mexico's Senate -- and lawmakers there look ready for a fight.

Speaking during Ebrard's testimony before Congress, Senator Dulce Maria Sauri of opposition party PRI rejected the foreign minister's claim that Mexico had not signed a binding agreement.

After reading the document Trump so dramatically pulled from his pocket, she said: "Mr Foreign Minister, to put it plainly, this is binding."

Her colleague Damian Zepeda of conservative opposition party PAN accused the executive branch of getting run over by the Trump administration.

"We still have the (tariff) ultimatum hanging over us, and on top of that we gave up the most precious jewel: we agreed to safe third country," he said.

There was even criticism from some in the president's party, Morena, which holds strong majorities in both houses.

They included the speaker of Congress, Porfirio Munoz Ledo, who says the Mexican government and Trump administration "want to turn our country into a cage" for migrants.

In a warning signal for Lopez Obrador, senators froze committee proceedings Wednesday on ratifying the USMCA, the country's new and important trade agreement with the United States and Canada, saying they wanted to question Ebrard on the migration deal first.

In another sign of turbulence, the head of the National Migration Institute, Tonatiuh Guillen, abruptly resigned Friday. He will be replaced by prisons commissioner Francisco Garduno, the government said.

________

so the secret deal is to to have talks in 45 days if mexico doesn't curb migration...in 45 days?

lmfao man what?


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Originally Posted By: PerfectSpiral
The art of breaking the deal. Lol


rofl

It's okay to break your deal about one thing because you don't like something different! You can make a deal and then two months later break it because of something completely different. Tantrums are the new negotiating tool.


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Watching the News this morning as the Mexican National Guard is stopping people from crossing their southern border.

Thank you Mr.President for making this happen. thumbsup
Thank you Mexico for helping with our crisis. thumbsup

Where is Congress? Eating breakfast and crying about Trump?

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Get back to me in the fall. Then Trump will look for someone else to blame. You'll then play the part of parrot yet again.


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Empire State manufacturing index posts largest-ever drop into negative territory in June

Published: June 17, 2019 9:15 a.m. ET

75
Index declines 26 points to -8.6, first negative reading in more than two years

Author photo
By

GREG
ROBB
SENIOR ECONOMICS REPORTER

Bloomberg News/Landov

The numbers: The New York Fed’s Empire State business conditions index took a sharp turn for the worse in June, falling into negative territory for the first time in more than two years.

The Empire State manufacturing index plummeted 26.4 points to negative 8.6 in June, the New York Fed said Monday. That’s a record decline. Economists had expected a reading of positive 10, according to a survey by Econoday.

Any reading below zero indicates a contraction in activity. The last time the index was negative was in October 2016.


The Empire State index over the past three years.
What happened: There was broad-based weakness in the report. A key metric, the new-orders index, sank 21.7 points to -12 in June. Shipments fell 6.6 points to 9.7. Unfilled orders also fell sharply and inventories sank into negative territory. The index of future activity fell only 4.9 points to 25.7 in June.

Big picture: Manufacturing has been a weak link in the economy this year, buffeted by uncertainty caused by tough U.S. trade policy against China and Mexico and a slowing of activity overseas. Auto sales are set to be lower this year. The large pullback might bolster the case for an interest-rate cut when Federal Reserve officials meet on Tuesday and Wednesday.
X
See Also
Huawei Founder Quantifies Potential Impact From U.S. Clampdown

What they are saying: The Empire State index result “was shockingly weak, raising a caution flag about the prospects for other manufacturing data in the month,” said Josh Shapiro, chief U.S. economist at MFR Inc. However, Ian Shepherdson, chief economist at Pantheon Macroeconomics, said he thought the decline “was likely just a temporary response to the Mexico tariff fiasco.”


The U.S. decided not to impose tariffs on Mexico after agreeing a pact on how to treat asylum seekers.

Market reaction: Stock-index futures edged back after the data. The Dow Jones Industrial Average DJIA, +0.09% has risen for two straight weeks.

Treasury yields turned lower after the survey was released with the yield on the 10-year Treasury TMUBMUSD10Y, +0.50% at 2.091%, coming just two days ahead of the Fed meeting.

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Right now the stock market is in "opposite day" , pricing in an expected rate cut by the Fed. That's why this sort of news isn't really moving the needle. Same with the paltry jobs report.


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