|Negotiations for fictitious Budget funding from the US to Canada have hit a brick Wall in Mexico|
In an all-party parliamentary vote this month, the US Congress has passed a movement to send a cheque to the Canadian Prime Minister, Justin Trudeau, for his 2016 Budget.
The estimated 2016-2017 deficit that Trudeau's Budget will incur is to be funded by US Congress in a generous move to encourage business between the two countries.
Mexico is said to be apoplectic: while it will be left with the American bill for 'The Wall', Canada has only offered a specific tax exemption for Taco Bell – a frankly insulting take on Mexican cuisine and, more pertinently, a US corporation.
In a joint statement on Monday, US President Barack Obama and Republican and Democrat frontrunners Donald Trump and Hillary Clinton said: "We've got it all figured out. Mexico pays for The Wall, we fund the Canadian Budget, and Canada and Mexico... Well, they can figure it out for themselves. God bless the United States of America."
© 2019 Euromoney Institutional Investor PLC. For help please see our FAQ.