FAQ?
Why did Trump put Mexico ‘over the barrel’?
President Trump says he put Mexico “over the barrel” to force a deal to reduce global oil production as the coronavirus tanks demand. Trump said Friday that Mexico will cut production and the US will “help Mexico along” by doing the same. In exchange, Mexico will repay the US, he said.
Will Mexico cut oil production to help the US?
Trump said Friday that Mexico will cut production and the US will “help Mexico along” by doing the same. In exchange, Mexico will repay the US, he said. Trump said Mexico’s president Andrés Manuel López Obrador agreed in a Thursday phone call to cut production by 100,000 barrels a day. In exchange, the US will cut 250,000 barrels, he said.
Will Trump's Oil cuts really save energy jobs?
The cuts, if implemented, would reduce global oil supply by about 13 percent. Trump, who has long criticized OPEC for raising U.S. gas prices, tweeted Sunday that "the big oil deal with OPEC plus" will "save hundreds of thousands of energy jobs in the United States," and he thanked Russian President Vladimir Putin and Saudi King Salman.
What did Trump say to Mexico’s president?
“The United States will help Mexico along, and they’ll reimburse us sometime at a later date when they’re prepared to do so,” Trump said, recapping a conversation with López Obrador.
