U.S.- Mexico border closing would shut carmarkers and cripple farm goods
-- Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Sign up here.
On Wednesday the president renewed his warning of a border closing, writing on Twitter,"Congress must get together and immediately eliminate the loopholes at the Border! If no action, Border, or large sections of Border, will close. This is a National Emergency!"Analysts said a border closing would rapidly reverberate through a U.S.
For American farmers and grocery shoppers, a border closing “would be disruptive really quickly,” said Veronica Nigh, an economist with the American Farm Bureau Federation. Story continuesTrump’s Agriculture Secretary Sonny Perdue expressed concern a border shutdown would hurt U.S. Farmers. “It could not come at a worse time,” Monroe said. “We’ve already seen a significant drop in producer profitability because of tariff disputes.”
Still, Trump’s threat, and the way he made it, caused consternation among Republicans in Congress and drew derision from Democrats.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Closing The Mexico Border Could Throw The U.S. Into A RecessionWith the economy only growing between 2% and 3%, Trump closing the border with Mexico could disrupt the economy so much that it falls into a recession. Investors are not expecting him to follow through since he has cried wolf before, but his off the cuff decisions keep this a wild card.
Read more »
Closing the border with Mexico could bring the auto industry to a halt, experts sayClosing the border with Mexico could bring the auto industry to a halt, experts say. Roughly 37% of the imported parts used on US-made vehicles are imported from Mexico.
Read more »
Trump on closing the US-Mexico border: 'Security is more important to me than trade'The president reiterated his pledge to shut down the U.S.-Mexico border, saying security is 'more important' to him than trade. Meanwhile, his top economic advisor, Larry Kudlow, said the White House was working hard to mitigate any economic damage.
Read more »
U.S. Senate Republican leader says closing Mexico border could be catastrophicSenate Republican leader Mitch McConnell said closing the U.S. border with Mexic...
Read more »
Trump not bluffing about closing U.S.-Mexico border, Conway saysWhite House counselor Kellyanne Conway said Trump is serious about possibly closing the U.S.-Mexico border this week
Read more »
Ten U.S. Exports And Imports That Would Be Hurt If Trump Closes Mexico BorderIf President Trump follows through on his threat to close the U.S.-Mexico border this week, it will hit cross-border trade in the stomach, hammering tomato imports and U.S. pork exports, among other items. Here are the 10 largest imports and exports between the U.S. and Mexico.
Read more »
Sanders says closing the southern border 'isn't our first choice'Trump threatened to close the Southern border if Mexico did not do more to stop the flood of Central American migrants to the U.S.
Read more »
Trump threatens potential 'border closing' next weekPresident Trump renews threat to shut down the US-Mexico border, or parts of the border, if Mexico 'doesn't immediately stop all illegal immigration coming into the' US via the southern border.
Read more »