Trump holds his ground on Mexico wall, offers steel option as alternative
US president Donald Trump has threatened to declare a national emergency to build the wall along the southern border of Mexico.
Trump said on Sunday he would not budge on plans to build the wall, threatening to declare a national emergency to fund it.
Trump also suggested the wall could be made from steel, offering a compromise to the Democrats.
‘The barrier, or the wall, can be of steel instead of concrete if that helps people. It may be better,’ Trump said.
However, house majority leader, Steny Hoyer said “It’ll be discussed,” when asked about the concrete alternative on NBC.
The comments come after Democrats rejected the $5.6 billion funding needed to build the wall and passed a bill in the house of representatives last week to reopen the government without the billion-dollar funding.
Trump addressed the media on Sunday, pledging to stay true to his promise to build the wall.
‘This is a very important battle to win from the standpoint of safety, number one, (and) defining our country and who we are,’ Trump said to reporters.
Trump’s comments come as the US enters its third week of a partial government shutdown.
Before the comments on Sunday, Trump met with senior US lawmakers on Friday to discuss the government shutdown.
‘We had a very, very productive meeting and… we’ve come a long way,’ Trump said after the meeting.
US vice president, Mike Pence held a second meeting with congressional aides on Sunday to solve the wall issue, but Trump said that only he and Democrat speaker, Nancy Pelosi, and senate democratic leader, Chuck Schumer were able to come to a solution in a timely manner.
‘If we don’t find a solution, it’s going to go on for a long time. There’s not going to be any bend right here,’ Trump said.
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
This information/research prepared by IGA or IGA Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
Please see important Research Disclaimer.
See an opportunity to trade?
Go long or short on more than 16,000 markets with IG.
Trade CFDs on our award-winning platform, with low spreads on indices, shares, commodities and more.
Live prices on most popular markets
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.