McCain says a wall alone is not enough to secure border

Casey Mills
January 15, 2017

The peso was the worst-performing major currency past year, weakening 20 percent against the dollar as Trump closed in on the US presidency.

President-elect Donald Trump on Wednesday promised a "major border tax" on companies that shift jobs outside the United States, further pressuring American businesses days after Fiat Chrysler Automobiles NV said heavy tariffs could force the company to shutter Mexican plants.

A proposed US border adjustment tax could add 20 per cent to the price of Canadian-produced vehicles destined for the USA market, an auto industry analyst said Friday. "If I were Mr Trump, I'd treat them with more respect", Guajardo said.

Republican Texas Rep. Brian Babin is usually willing to discuss his anti-immigration proposals with The Daily Caller, such as cutting federal funds to "sanctuary campuses", but his office wouldn't return a request for comment about whether he supports making Mexico pay for a border wall.

"If it discriminates against imports, it will raise worldwide trade concerns and, of course, have a significant impact on any consumer or any business that relies on imports as inputs", U.S. Trade Representative Michael Froman said Tuesday in an interview with Financial Times.

Trump campaigned on the promise to build a wall along the Unites States's southern border, paid for by Mexico. If the Bank of Mexico doesn't undertake additional measures (e.g. raising interest rates or launching dollar swaps), the weakening of the peso is set to continue.

US Senate Votes 51-48 on Budget Resolution to Repeal Obamacare
Coverage was extended by expanding Medicaid and through online exchanges where consumers can receive income-based subsidies. Some Republican lawmakers have said it could take up to two years to come up with a replacement.

However, there are ways in which the Trump administration could obligate Mexico to pay for the construction of the wall. "They don't know it yet, but they're going to pay for the wall".

The 2004 expiration of the U.S. assault weapons ban is of particular concern for Mexico; one in five weapons seized at Mexican crime scenes is an assault weapon smuggled from the United States, according to a 2016 letter from U.S. Congressman Eliot L. Engel (D-NY).

Any changes to the free trade agreement could negatively impact Mexican exporters and billions of dollars in remittances Mexican migrants send back to Mexico each year, Moody's Nymia Almeida says in the report.

Peña Nieto said the federal government now faces two big challenges: the increase in the price of gasoline and a new stage in the bilateral relationship with the U.S. Ranchers in this area say the border needs a wall to keep out drug smugglers and illegal border crossers.

If Mexico were really going to pay for the wall, he added, a funding fight on Capitol Hill would be unnecessary.

Other reports by MyHealthBowl

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