Netanyahu: Trump is right to build a wall, it worked for Israel

Getty Images              Trucks including an armored car pass through U.S. customs in Laredo Texas

The United States on Thursday had threatened 20% duty on imports from Mexico to pay for a wall Trump plans to build along the border with the country's southern neighbour, and then backtracked saying it was only a proposal, just an idea.

Pena Nieto canceled a planned trip to Washington to talk with Trump about relations between the two countries and talk of a trade war caused the peso to take a dive and gains in the USA stock market to slow down.

On Thursday, White House Press Secretary Sean Spicer suggested that one possible source of funding for the proposed Mexican-American border wall could be a new 20% border tax on goods imported from Mexico.

In his first sit-down interview since being inaugurated as President, Mr Trump said the wall will be good for the United States and Mexico.

Mexican President Enrique Pena Nieto, who insists his country will do no such thing, is set to meet Mr Trump in the White House next week.

"We remain confident that the trade policy between our two governments will continue to support USA consumers' growing love of avocados", the Avocado Producers and Exporting Packers Association of Mexico said in a statement Friday. "You have to understand, what I'm doing is good for the United States, it's also going to be good for Mexico".

In a message on Twitter, Pena Nieto's announced that next Tuesday;s meeting had been cancelled ending days of uncertainty about what he would do.

Speaking to the lawmakers, Trump said that he and Peña Nieto had "agreed" to cancel their meeting, which was to have been next week, because it would have been "fruitless". We recognize that, as President Pena Nieto has said, we are ready to negotiate.

"Trump is right", Netanyahu posted in a tweet following the end of Shabbat. "I have great respect for Mexico", Mr Trump said.

"In a way, [Mexico's business leaders] are sending a signal they are not willing to tolerate abuse" from the U.S., UBS' Czerwonko said.

Mr Trump has repeatedly said the border structure will be a wall, but Mr Spicer referred to it on Wednesday as a "large physical barrier".

"The U.S. has a 60 billion dollar trade deficit with Mexico".

A second executive order took aim at "sanctuary city" policies, empowering Immigration and Customs Enforcement to better enforce existing laws, identify criminal illegal aliens and increase the agency's transparency.

Rumors spread Wednesday that Peña-Nieto is "considering" cancelling his meeting with Trump.

Related news:

Hot News

isis-killer-beheading-video-story-top Poch: This is the beauty of the FA Cup. It's magic
Jan 29, 2017 - 01:02
Wycome restored their lead through Gary Thompson, however Spurs hit back through Dele Alli and Son to secure the win. Hayes has scored in three of his last four FA Cup appearances against Premier League opposition (four goals).

isis-killer-beheading-video-story-top Taylor Swift gets raunchy with Zayn Malik in Fifty Shades video
Jan 29, 2017 - 01:00
The pair of superstars on Wednesday each teased the video with a 20-second clip , which features both Malik and Swift. Taylor Swift owns a fortune of approximately $170 million, gained from her world tours and advertising contracts.

isis-killer-beheading-video-story-top Liverpool crash out of FA Cup to Wolves
Jan 29, 2017 - 00:59
Striker Daniel Sturridge, 27, will need to be in top form in this game but he will need a lot of help from his colleagues. Richard Stearman scored a minute in to give the Wolves a huge boost, dealing a big blow to Liverpool from the start.

isis-killer-beheading-video-story-top Patrice Evra: French full-back joins Marseille from Juventus
Jan 28, 2017 - 00:38
The former Manchester United left-back has been brought in to add experience a defence that conceded three times against Lyon in Ligue 1 last Sunday.

isis-killer-beheading-video-story-top Usain Bolt's Teammate Tests Positive for 2008 Olympics, Relay Gold Medal Revoked
Jan 28, 2017 - 00:15
He poses with his gold medals at the Beijing 2008 (bottom row), London 2012 (middle row) and Rio 2016 Olympic Games. Trinidad & Tobago have now been awarded the 2008 relay gold, with Japan upgraded to silver and Brazil given bronze.

Venus, Serena Williams To Meet In All-Williams Australian Open Final
Jan 27, 2017 - 00:53
If you're wondering, in popular culture then, Norah Jones won Song of the Year for Don't Know Why at the Grammys that year. Konta's nine-match and 18-set winning streak made her the player to stop Williams from clinching her seventh title.

isis-killer-beheading-video-story-top MIDDLESBROUGH - Rejected Leicester offer for Ramirez
Jan 27, 2017 - 00:53
In reality he hasn't so much fallen out of favour as never been in favour in the first place since leaving Madrid in the summer. Karanka also confirmed Ramirez handed in a transfer request but reiterates he will only be sold if his valuation is met.

isis-killer-beheading-video-story-top Injury-hit Real wait on Ronaldo for Cup comeback
Jan 27, 2017 - 00:51
However, it was Celta who came closest to scoring the game's fifth goal, with Castilla thwarting Jozabed from close range. The team first taste the defeat against Sevilla, which ended the unbeaten run of 40-matches.

isis-killer-beheading-video-story-top Trump Could Reduce US Ties With Groups That Support Palestinians Including UN
Jan 27, 2017 - 00:50
According to the NYT, the first proposal calls for enacting "at least a 40 per cent overall decrease" in remaining United States funding toward global organisations.

isis-killer-beheading-video-story-top USDA Scientists Told Not to Publicly Share Their Work
Jan 26, 2017 - 00:44
Hopefully answers will be more forthcoming, especially as the Trump administration tries to assemble itself in the coming days. EPA activities nationwide are expected to be immediately impacted by the orders.

Horizon: Zero Dawn will not have microtransactions
Jan 26, 2017 - 00:42
This will reduce the time from plugging the console in to playing the game by a few hours, at least. The bundle and the game itself will be released in the European/PAL regions on March 1st, 2017.

isis-killer-beheading-video-story-top Rio Tinto (RIO) Inks Deal to Divest Coal amp; Allied Business
Jan 26, 2017 - 00:41
Hunter Hillcoat, analyst at Investec, said Rio had achieved a "good premium" to Coal & Allied's book value. Yancoal intends to fund the acquisition through a capital raising and pro-rata entitlement offer of shares.

isis-killer-beheading-video-story-top Internet solves Google I/O invite. Answer: May 17-19
Jan 26, 2017 - 00:40
The company has also created an I/O website, but now , it just displays an I/O icon and says: "Check back soon for more details". The mothership also launched their I/O 2017 official website, but there is no information to be had there yet.

isis-killer-beheading-video-story-top Fulham deal with Aston Villa off, manager's decision
Jan 26, 2017 - 00:40
Aston Villa are reportedly interested in signing Arsenal striker Chuba Akpom on loan until the end of the season. The 28-year-old midfielder arrives at the club on a three-and-a-half-year deal from Basel.

isis-killer-beheading-video-story-top Cervical Cancer is Deadlier Than We Thought
Jan 26, 2017 - 00:39
An editorial published with the study by Stephanie Wheeler, a University of North Carolina health-policy specialist and Dr. Diagnosis of cervical cancer is done by Pap Smear Tests, Colposcopy, HPV Testing, Endocervical Curettage (ECC).