Mexico Says American Consumers Will Suffer Under Trump’s Trade Tax

By: Sabrina Martín - @SabrinaMartinR - Jan 27, 2017, 1:23 pm
Mexico's foreign minister has noted that Trump's wall plans would be detrimental to the American consumer (
Mexico’s foreign minister has noted that Trump’s wall plans would be detrimental to the American consumer (Poder Ciudadano).

Mexico’s foreign minister, Luis Videgaray, gave a press conference in which he assured that if Donald Trump imposes a 20% tax on Mexican exports, Americans would in fact be the ones who would pay for the construction of the wall.

Luis Videgaray said that Trump’s decision to build the border wall is within the rights of US sovereignty, but reiterated that it is “unacceptable” to ask Mexico to pay for its construction.

“Families build walls around their homes to divide their property from that of their neighbors, but these families do not ask their neighbors to pay for the walls of their home,” he added.

On Trump‘s threat to increase Mexico’s import tax by 20 percent, Mexico’s foreign minister said it would be detrimental to US citizens themselves.

“An tax on Mexican exports to the United States is not the appropriate way to make Mexico pay for a wall, it would in fact be the American consumer who would be paying, because here in the United States everything would be more expensive: avocados, washing machines, televisions, many things that American families buy, and this would drastically affect the household finances of the typical American family,” he said.

Videgaray lamented that the United States government is passing on the possibility of immediate dialogue with Mexico.

Videragray and Minister of Economy Ildefonso Guajardo have just concluded their two-day visit to Washington, where they met with a team of negotiators from the Trump administration.

This Thursday, January 26, Trump threatened his Mexican counterpart with suspending the proposed bilateral meeting between them if Mexico is not willing to pay for the wall. Enrique Peña Nieto, responded to Donald Trump and decided to cancel the meeting they had scheduled.

Source: Animal Politico

Sabrina Martín Sabrina Martín

Sabrina Martín is a Venezuelan journalist, commentator, and editor based in Valencia with experience in corporate communication. Follow @SabrinaMartinR.

Argentina Poised to Become the World Leader of Lithium Exports

By: Raquel García - @venturaG79 - Jan 27, 2017, 12:54 pm

EspañolArgentina could be the next big player in the lithium market, recent reports have said. As companies set to work on developing technology that relies heavily on lithium, officials in Argentina are hoping their untapped lithium market will be booming in years to come. Lithium has a promising future, with a recent announcement coming from Tesla Motors that the company will be starting production this year at its gigafactory in Nevada. Tesla already has a reported 330,000 orders for its electric car, 100,000 of which it has promised to deliver by the end of 2017, leading many industry experts to claim lithium has never been more critical. Currently around 90 percent of global lithium production is controlled by four players: Albemarle Corporation, FMC Corp., SQM (a Chilean chemical and mining company) and Chinese lithium giant Sichuan Tianqi Lithium Industries, who is reportedly in decline. Canada's Lithium Corp. is one of the most promising new players in the lithium market, and has just obtained positive results from its first two exploration wells in Argentina. A recent article in Accesswire pointed out that the growing interest in batteries is one of the reasons the future of lithium needs to be closely monitored. Lithium expert Joe Lowry said demand for lithium should double between now and 2020, boosted by the huge battery market. "As the acceleration of electric vehicles in the mainstream picks up, the big question will be: Where are the batteries?" he said. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1459522593195-0'); });   Argentina is rich in lithium and, combined with a new political environment hungry for new investment, has created discussion of a "lithium cartel and the emergence of the next energy barons." In the so-called "lithium triangle" (Chile, Bolivia, Argentina) lithium is on track to acquire 100 percent of the coveted Pastos Grandes project in the Salta province and could be put into production in just three years. Argentina is the best place to be in the lithium triangle, many have said, because the share of known reserves  is slightly lower than in Bolivia or Chile, and so doing business there has a higher ceiling. Read More: What Obama Should Have Said in His Farewell Address Read More: Congressmen Lambast “Shameless” Obama for Ending Cuban Wet Foot, Dry Foot Policy Though the lithium industry in Chile is the more mature in the triangle, there are too many investment-related complications caused by heavy regulations. Bolivia, meanwhile, has the largest deposit of lithium, but rudimentary infrastructure to take advantage of it. But in Argentina? Its emerging market is set to have the infrastructure and the investment to grow fast, according to reports. President Mauricio Macri's administration has eliminated mining export taxes, allowing companies operating in the lithium triangle to increase revenue. On January 25, the company Millennial obtained positive results from its first two exploration wells completed in Pastos Grandes. The lithium brine capacity reportedly extends far beyond what the company estimated when it acquired the project. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1459522593195-0'); }); Another reason to look closely at Millennial Lithium Corp. is that the $43.04 million company has grown six percent since December 19. In its Pastos Grandes project it has just announced that it is adding a third drill site in order to delineate a block of continuous resources and complete an initial resource estimate. In addition, the company is on track to purchase the 1,221-acre Pastos Grandes lithium deposit in its entirety and will be ready to begin production within three years. It is also negotiating the acquisition of another 4,236 acres in Salta. Millennial is also studying the Cauchari East project in the province of Jujuy. This 2,989-acre property is in close proximity to operations of major lithium producers Orocobre and Lithium Americas Corp., which reduces the risk of investment thanks to the proven lithium resources in the area. Fuente: Yahoo/Accesseswire.

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