Economists had warned the pain of Trump's threatened tariffs - set to start at five percent Monday and rise incrementally to 25 percent by October - and Mexico's likely retaliatory measures would have been acute for both countries, with potentially global spillover.
The problem is that nobody has any idea what he's referring to.
But the New York Times on Saturday reported that numerous concessions made by Mexico had already been agreed to months ago. It was announced with much fanfare but includes few new solutions to quickly stem the surge of migrants entering the U.S.
But now Mexico is being asked about it. "Sick Journalism", he said. "That's what I think he's saying". "We do not have a specific agreement on products".
Trump, who famously does not drink alcohol, said he would work to open the European market to American wine exports, again accusing France of creating unfair trade barriers.
USA -bound asylum seekers are not yet being sent back to additional Mexican border towns to await processing after a deal on Friday called for the program to be immediately extended to the whole border, three Mexican officials said.
But he could be alluding to the idea of Mexico becoming a "safe third country", which would make it harder for asylum seekers who pass through the country from other places to claim refuge in the U.S. "We have an integrated economy in the agricultural sector".
The United States slapped tariffs of up to 25 per cent on $200 billion U.S. in Chinese imports last month, prompting Beijing to levy its own tariffs on $60 billion in American goods. "It's going to be brought up because it has to be brought by their legislative body", Trump said during an impromptu, unplanned interview on CNBC.
Which is telling. These are sensitive diplomatic issues. The president added that if Mexico's legislature fails to deliver the approval, the White House would follow through on a threat to raise tariffs on Mexican imports.
Companies that have significant business exposure in Mexico such as Kansas City Southern (KSU) and Union Pacific (UNP) registered intraday losses of 4.5% and 1.6%, respectively, on May 31. And as president of the United States, Trump wields a terrific amount of power to apply pressure and pain on our southern neighbors. But EU officials have said repeatedly they will not discuss agriculture.
There was no sign of a new deployment in Tapachula, the entry point for the large caravans that have crossed Mexico in recent months, AFP correspondents said.
"The United States will immediately expand the implementation of the existing Migrant Protection Protocols across its entire southern border", according to the agreement, which also committed Mexican authorities to "authorize the entrance of all of those individuals ... while they await the adjudication of their asylum claims". Mexican leaders have previously denied this was part of negotiations and vociferously opposed even the concept of it.
"There is now going to be great cooperation between Mexico & the United States of America, something that didn't exist for decades", the president wrote, adding that his administration "can always go back" to the previous position of imposing tariffs against Mexican imports if that doesn't happen. That's basically the same thing, right?