US, Mexico Reach Deal on Migration, Averting Tariffs
Monday, 10 June 2019 23:40 WIB | GLOBAL |Global

The United States and Mexico have reached a deal on migration to avert tariffs, but U.S. officials say President Donald Trump retains the authority to impose tariffs if Mexico fails to live up to it.

"I am pleased to inform you that The United States of America has reached a signed agreement with Mexico. The Tariffs scheduled to be implemented by the U.S. on Monday, against Mexico, are hereby indefinitely suspended," Trump said Friday on Twitter.

U.S. and Mexican officials returned to the negotiating table Friday for a third day of talks to find a way to stem the flow of Central American migrants across the U.S. southern border that had threatened trade between the neighboring countries.

Trump's trade wars with Mexico and other countries appear to have spooked American companies into putting the brakes on hiring, as they added just 75,000 jobs in May, far fewer than the 180,000 economists expected, the Labor Department reported Friday.

Although the jobless rate held steady at a 50-year low of 3.6%, Friday's figures are the latest signal the U.S. economy, while healthy, is weakening. Manufacturers, which are particularly sensitive to trade disputes, added only 3,000 jobs, extending an anemic streak of hiring in the sector.

Source : VOA

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