As Donald Trump gets to work on his agenda, left-wing media organizations like The New York Times are already making fools of themselves.
On his first day in office, Trump signed an executive order designating Mexican drug cartels as foreign terror organizations.
His order stated:
The Cartels have engaged in a campaign of violence and terror throughout the Western Hemisphere that has not only destabilized countries with significant importance for our national interests but also flooded the United States with deadly drugs, violent criminals, and vicious gangs.
The Cartels functionally control, through a campaign of assassination, terror, rape, and brute force nearly all illegal traffic across the southern border of the United States.
In certain portions of Mexico, they function as quasi-governmental entities, controlling nearly all aspects of society.
The Cartels’ activities threaten the safety of the American people, the security of the United States, and the stability of the international order in the Western Hemisphere.
Their activities, proximity to, and incursions into the physical territory of the United States pose an unacceptable national security risk to the United States.
However, The New York Times is now arguing that this move will damage the U.S. economy because of the risk of businesses in both countries violating sanctions against terrorist groups.
Their article states.
The foreign terrorist designation could lead to severe penalties — including substantial fines, asset seizures and criminal charges — on companies and individuals found to be paying ransom or extortion payments.
U.S. companies could also be ensnared by standard payments made to Mexican companies that a cartel controls without the American companies’ knowledge.
As a result, companies in the risk-averse American financial sector may simply refuse to wire money to a Mexican factory, for example, to facilitate cross-border production and trade, or to wire money between personal accounts.
…
If money transfer companies like Western Union also stop transactions to Mexico over worries about properly vetting Mexican clients, it could affect the remittances the country relies on.
That would be devastating for the Mexican economy, which received $63.3 billion in remittances in 2023, nearly 5 percent of the country’s gross domestic product.
The Mexican peso has suffered as a result of the designation, as well as the looming threat of tariffs and trade barriers.
However, President Claudia Sheinbaum has said the country needs to keep a “cool head” as it is finally held accountable for its failure to effectively tackle the prevalence of drug trafficking.
“It’s important to always keep a cool head and refer to the signed orders beyond the actual rhetoric,” she said at her daily morning news conference.
“That’s what counts before the law, strictly speaking.”
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