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Following the threats of President Donald Trump to impose 5% tariffs on Mexican imports as of June 10, the United States loses credibility, according to the newspaper The Journal. New York Times.
Carlos Slim and companies back AMLO against Trump's threats
According to the economic correspondent of the American newspaper, Neil Irwin, the threat of Donald Trump wrote in your Twitter account This shows the United States as a country that does not close its agreements.
Negotiations between Mexico and the United States T-MEC they seemed to have paid, according to Irwin; However, Trump's tweet has hindered relations between countries. In addition, he points out that the obligation made to the Mexican government to prevent migrants seeking to join the US Union has nothing to do with the commercial aspect; even in this case, the situation could affect the reputation of the United States vis-à-vis its trading partners.
It's as if a person selling a car was hiding from the buyer some of his damage. The buyer and others will stop trusting this person. And this is even more serious when it comes to two countries that share a huge border, says Irwin.
The American publication collects the impressions of Emily Blanchard, economist at the Dartmouth College Business School.
I do not see how our trading partners will continue to negotiate with us as if we had credibility.
From now on, other countries will see the United States "intimidate", says the economist.
In addition, Irwin anticipates that the trade war between China and the United States leaves Mexico in a favorable position: a place of business, close to the US Union, but without the consequences of the confrontation of the two nations.
The imposition of tariffs could give the United States some short-term victories, but sooner or later this will create difficulties for future trade agreements, concludes the author of the paper. New York Times.
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