The Mexican government denies a report by the Associated Press that alleges US President Donald Trump threatened President Enrique Pena Nieto with US military action to deal with the “bad hombres down there,” if Mexico was not willing to. Referring to drug trafficking across the border, Trump allegedly told Pena Nieto “You aren’t doing enough to stop them. I think your military is scared.
When it comes to the future of the US economy, capital markets, the strength of the dollar, and tax policy in general, few proposals are likely to have as much of an impact as the border adjustment tax, or BAT, which as we profiled before, could have a significant impact on the value of the dollar, pushing it as much as 15% higher, and leading to dramatic changes in global trade patterns. As a reminder, House speaker Paul Ryan is the primary advocate of the BAT, arguing this effective $1.2 trillion tax on imports is the only way Congress can pay for Trump's proposed massive tax cuts.
Citizens in Mexico have a launched a massive boycott of all American goods, including McDonald’s, Starbucks, Coca-Cola and Walmart following Trump’s executive order for the construction of the wall. Campaigns across Mexico have been launched across social media urging Mexicans to boycott all American goods and services, using the hashtags #AdiosStarbucks and #AdiosProductosGringos. CNN Money reports: Also many consumers believe boycotts will only hurt Mexicans.
According to a transcript obtained by AP of the phone call which took place on Friday morning between President Trump and his Mexican counterpart, Enrique Pena Nieto, and which was intended to patch things up between the new president and his Mexican peer a day after Pena Nieto called off his visit to the US, Trump threatened to send U.S. troops to stop "bad hombres down there" unless the Mexican military does more to control them itself.
By Chris at www.CapitalistExploits.at
Ok, this is getting a bit ridiculous.
Ever since Americans picked the bully over the crook, and the Mexican Peso began acting like a penny stock just after the promoters begin dumping stock, I've been literally inundated with questions about Mexico. It seems I've got a lot of American readers super keen to look for value where others fear to tread. A good thing!