Mexico senator Armando Rios Piter of the center-left Party of the Democratic Revolution is proposing a bill in the national legislature that stipulates retaliatory measures against the U.S. if Republican presidential nominee Donald Trump’s policy proposals à la the Mexican economy are enacted.
The proposed legislation will mainly deal with Trump’s threats to make Mexico pay for a wall on the U.S. southern border and cancellation of the North American Free Trade Agreement (NAFTA).
In order to accomplish the former, the U.S. Congress will have to approve a tax on remittances from America to Mexico, typically sent through money wire transfers. In 2015, remittances to Mexico totaled $25 billion, the majority of which originated from the U.S.
If such a law is enacted by a Trump administration, Rios’ bill says “the Mexican government should proportionally expropriate assets and properties of foreigners from that country on our territory.”
Currently, more than 1 million U.S. citizens live in Mexico.
Candidate Trump has also threatened to cancel or renegotiate NAFTA, originally signed by Canada, U.S. and Mexico in 1994. Trade between Mexico and the U.S. alone totals approximately $500 billion per year.
“At a time like this, it’s vital for us to understand why this relationship benefits both,” said Rios. “We’re neighbors, we’re friends, we’re partners. He’s putting (that) at risk.”
To deter the U.S. from backing out of NAFTA, Rios’ bill stipulates that the Mexican government automatically review all 75 U.S.-Mexico treaties, including the ceding of land that comprises much of today’s American Southwest — negotiated in the Treaty of Guadalupe Hidalgo, which put an end to the Mexican-American War in 1848.
Rios has also been critical of President Enrique Peña Nieto’s meeting with Trump last week in Mexico City, calling it “an historic error” for Mexico’s leader. Following the visit, Trump flew back to the U.S. and reiterated his long-touted promise at a campaign rally in Arizona that “Mexico will pay for the wall.”
“All parties in the senate are in agreement that Mexico needs to stand up for itself and strengthen its relationship with the United States,” Rios concluded. “We want to shut Trump’s mouth . . . As a Mexican, I already feel attacked and outraged at Trump. That’s why we have to act.”
[Reuters] [The Telegraph] [Photo courtesy Reuters via teleSUR]