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As Mexico-U.S. talks progress, markets rise on hopes a deal could be close

WASHINGTON/MEXICO CITY (Reuters) - Mexican and U.S. officials held a second day of talks on trade and migration on Thursday, with markets rebounding on optimism a deal could be close, although it was unclear if Mexican pledges to curb migration flows were enough to persuade the Trump administration to postpone tariffs. U.S. President Donald Trump has warned that tariffs of 5% on all Mexican exports to the United States will go into effect on Monday if Mexico does not step up efforts to stem an increase in mostly Central American migrants heading for the U.S. border. Bilateral talks in Washington began on Wednesday to attempt to strike…

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House Democrats move to fight Trump’s stonewalling in court

WASHINGTON (Reuters) - U.S. congressional Democrats moved closer on Thursday to suing in federal court for access to the unredacted Mueller report on Russian election meddling, and its underlying evidence, taking a step bound to intensify their clash with President Donald Trump. FILE PHOTO - U.S. Attorney General William Barr participates in a news conference after a meeting with Attorney Generals of Northern Triangle of Central America in San Salvador, El Salvador May 16, 2019. REUTERS/Jose CabezasAfter months of stonewalling by Trump of their many investigations of him and his presidency, Democrats unveiled a resolution that authorizes the House Judiciary Committee to seek a court order to…

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Mexico foreign minister says national guard to deploy to southern border

FILE PHOTO: Soldiers assigned to the newly created National Guard keep watch outside the Siglo XXI immigrant detention center as part of the security measures by the federal government, in Tapachula, Mexico May 23, 2019. REUTERS/Jose TorresWASHINGTON (Reuters) - Mexico will deploy its national guard to its southern border with Guatemala, the Mexican foreign minister said on Thursday, as part of the country’s bid to stem Central American migration that has drawn U.S. President Donald Trump’s ire. “We have explained that there are 6,000 men and that they will be deployed there,” Foreign Minister Marcelo Ebrard told reporters in televised remarks as he left a meeting with…

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West Point cadet killed when military vehicle flips at training site

WEST POINT, N.Y. (Reuters) - One cadet from the U.S. Military Academy in West Point, New York, died and 22 cadets and soldiers were injured on Thursday when a tactical vehicle carrying them flipped over during a training mission, officials said. The accident occurred near the Camp Natural Bridge, a summer training site for cadets, the academy said. Video from a news helicopter showed the vehicle overturned with its wheels up in a heavily wooded area. Twenty cadets and two U.S. Army soldiers were injured, West Point said in a statement. The injuries ranged from a facial abrasion to a broken arm, said Colonel Brett Venable, the…

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Wall Street rises with hopes of Mexican tariffs delay

New York (Reuters) - Wall Street’s main indexes closed higher after a choppy session on Thursday as investors grew more optimistic on trade after reports that the United States is considering a delay in imposing tariffs on Mexican imports. The market added to gains after a Bloomberg report cited unidentified sources saying that U.S. President Donald Trump could delay the tariffs he had threatened to put on Mexican goods as soon as Monday. The Washington Post reported that under a possible immigration deal, Mexico would deploy 6,000 troops to the Guatemalan border. But strategists urged caution until a final U.S.-Mexico deal is reached and followed by a…

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Trump tariffs could sink Mexican peso to lowest point this year: analysts

FILE PHOTO: Bundles of Mexican Peso banknotes are pictured at a currency exchange shop in Ciudad Juarez, Mexico January 15, 2018. REUTERS/Jose Luis GonzalezMEXICO CITY (Reuters) - The Mexican peso could sink next week to its lowest point of the year if U.S. President Donald Trump follows through on his threat to slap Mexican imports with tariffs, according to a Reuters poll of analysts and traders. The currency has depreciated 2.5% since Trump said last week that he would levy tariffs against Mexican imports unless the country does more to halt migration from Central America. Mexico sent a delegation to Washington to try to avert Trump’s threat.…

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Pence says encouraged that Mexico is willing to do more on immigration

FILE PHOTO: U.S. Vice President Mike Pence speaks during a news conference in Ottawa, Ontario, Canada, May 30, 2019. REUTERS/Chris Wattie(Reuters) - Vice President Mike Pence said on Thursday he was encouraged that Mexican officials were willing to do more to curb migration flows to the United States but it was up to President Donald Trump to decide if they went far enough to avert threatened tariffs. Pence told reporters in York, Pennsylvania, that Trump wanted to see decisive action from Mexico and that the president would be the one to decide whether to impose tariffs on Mexican goods over the issue on Monday. Pence said talks…

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White House stands firm on Monday deadline for Mexico tariffs: spokeswoman

FILE PHOTO: The morning sky over the White House in Washington, U.S., May 6, 2019. REUTERS/Jonathan ErnstWASHINGTON (Reuters) - The White House is standing firm on its position that Mexico must make take significant new steps to halt the surge of Central American migrants by Monday, or face tariffs on its exports to the United States, spokeswoman Sarah Sanders said on Thursday. “We are still moving forward with tariffs at this time,” Sanders said in a statement. Sanders was reacting to a report that the United States was looking at a delay for the tariffs as time for making a deal ran short. Reporting by Roberta Rampton;…

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Mexico offers to send national guard to southern border to stem migration: sources

FILE PHOTO - Soldiers assigned to the newly created National Guard keep watch outside the Siglo XXI immigrant detention center as part of the security measures by the federal government, in Tapachula, Mexico May 23, 2019. REUTERS/Jose TorresMEXICO CITY (Reuters) - In talks with the United States, Mexico has offered to send up to 6,000 members of its national guard to secure its southern border with Guatemala in order to contain migrant flows, according to two people with knowledge of the matter. The news was first reported by the Washington Post. Mexico has sent a delegation of officials to Washington to try to avert U.S. President Donald…

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U.S. mulls delaying threatened tariffs on Mexican products: Bloomberg

FILE PHOTO: U.S. President Donald Trump reacts as he speaks at the Wounded Warrior Project Soldier Ride event after the release of Special Counsel Robert Mueller's report, in the East Room of the White House in Washington, U.S., April 18, 2019. REUTERS/Carlos BarriaWASHINGTON (Reuters) - The United States is considering delaying the imposition of tariffs on Mexican products that President Donald Trump has threatened to put in place on Monday to allow for more time for talks between the two nations, Bloomberg News reported on Thursday, citing unidentified people familiar with the matter. Reporting by Tim Ahmann; Editing by Doina ChiacuOur Standards:The Thomson Reuters Trust Principles.

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