Listen: U.S. tariffs "still moving forward" as Mexico makes offer on migrant crisis
"Four US Mexican officials are meeting for a second day today as they try to avert President Trump's frighten tariffs on Mexican imports. Bloomberg reporter now. Catan is joining us from Mexico City. Now, thanks for joining us. Any word on whether the two. Sides of made me progress today. Nothing gets the foreign minister of Mexico, Marcello broad, just briefly with reporters and said that the meetings are continuing and we know from last night, that President Donald Trump said there was some not, not enough yet. And again abroad, also mentioned that at least they're on the same page about one thing. There is an influx of immigrants that the numbers are way too high near the president says Mexico hasn't done enough to stem that tide of migrants. What is Mexico's response to what kind of proof? Are they offering that Mexico is indeed trying to do something about it? They've made major strides in may. They detained almost eight hundred migrant per day, on average, that's the numbers out of Mexico, and that's about six hundred five hundred fifty in January, so that the huge rise between January and may, but the numbers of migrants flowing through Mexico has also risen exponentially. So that makes it even more difficult to say that, that uptaken detainees is, is resolving the problem we actually ran a story. We have sources telling us that Mexico had agreed to raise their detention rate to about or up to eight hundred in a meeting that they had with, with the US government earlier this year. They went ahead and did that. And now even even though they had accomplished that more or less than may Trump still, you know, threaten with. So that's either assigned that the goal posted moving again, or the immigration crisis is so great that they need to re reassess the numbers if they do not reach a deal, President Trump's tariffs would take effect on Monday. What's the expected impact of the tariffs on Mexico? More and more communists are saying that Mexico could into recession if the terrorist go into place, they're already cutting their growth rates for this year to about one percent. Even if the talks workout, so, you know, we've had a central Bank heading sorry, central possibly raising interest rates, if the pestle keep appreciating and that could also slow. The"