Page 6 - Mexico

India in wait-and-watch mode as US President Trump unleashes trade war

Even though Trump has repeatedly labelled India a high-tariff nation, he has yet to take action against New Delhi

India Inc looks to navigate US President Donald Trump tariff storm

Some sectors hoping to cash in on the likely void created by Canada, Mexico, China

Mexico pledges retaliatory tariffs against US while calling for cooperation

Sheinbaum said the country would also implement non-tariff measures, while calling for cooperation with the US on topics including security, migration and addressing the fentanyl public health crisis

Trump's tariffs on Canada, Mexico, China could mean higher inflation

New trade penalties against Canada, Mexico and China that President Donald Trump plans to impose Saturday represent an aggressive early move against America's three largest trading partners, but at the risk of higher inflation and possible disruptions to the global economy. In Trump's view, the 25 per cent tariffs against the two North American allies and a 10 per cent tax on imports from Washington's chief economic rival are a way for the United States to throw around its financial heft to reshape the world. You see the power of the tariff, Trump told reporters Friday. Nobody can compete with us because we have by far the biggest piggy bank. The Republican president is making a major political bet that his actions will not worsen inflation, cause financial aftershocks that could destabilise the worldwide economy or provoke a voter backlash. AP VoteCast, an extensive survey of the electorate in last year's election, found that the US was split on support for tariffs. It is possible

Trump's tariffs on Mexico, Canada loom; these goods are in the crosshairs

President Donald Trump said this week that tariffs on US neighbours Canada and Mexico will arrive Saturday. The two nations are not only close geographically, but economically as well. The business between the North American nations now exceeds China, totalling USD 1.8 trillion in 2023. That is far greater than the USD 643 billion in commerce that the US did with China in that same year. Following are just a few imported goods that could be hit first. A grenade' lobbed into auto production For decades, auto companies have built supply chains that cross the borders of the United States, Mexico and Canada. More than one in five of the cars and light trucks sold in the United States were built in Canada or Mexico, according to S&P Global Mobility. In 2023, the United States imported USD 69 billion worth of cars and light trucks from Mexico more than any other country -- and USD 37 billion from Canada. Another USD 78 billion in auto parts came from Mexico and USD 20 billion from ...

Mexico, Canada race to prevent Trump's 25% tariffs before deadline

With the clock ticking, officials were busy making their cases that they've done enough to control the border and limit fentanyl traffic to persuade the US president to stand down

Mexican Prez Sheinbaum writes to Google over Gulf of Mexico name change

Sheinbaum argued that according to the United Nations Convention on the law of the sea, US sovereign territory only extends up to 12 nautical miles

The Gulf of Whatnow? Mapmakers grapple with Trump's renaming plans

What's in a name change, after all? The water bordered by the Southern United States, Mexico and Cuba will be critical to shipping lanes and vacationers whether it's called the Gulf of Mexico, as it has been for four centuries, or the Gulf of America, as President Donald Trump ordered this week. North America's highest mountain peak will still loom above Alaska whether it's called Mt. Denali, as ordered by former President Barack Obama in 2015, or changed back to Mt. McKinley as Trump also decreed. But Trump's territorial assertions, in line with his America First worldview, sparked a round of rethinking by mapmakers and teachers, snark on social media and sarcasm by at least one other world leader. And though Florida Gov. Ron DeSantis put the Trumpian Gulf of America on an official document and some other gulf-adjacent states were considering doing the same, it was not clear how many others would follow Trump's lead. Mexican President Claudia Sheinbaum joked that if Trump went ahe

Here's how Mexico is preparing for Trump's promises of mass deportations

Sheinbaum is following her predecessor Andres Manuel Lopez Obrador's lead in cooperating with the US to maintain smooth relations

Chinese manufacturers in Mexico brace for potential US tariffs under Trump

The proximity to the US market, combined with cheap labour, has made Mexico an attractive location for Chinese manufacturers

Mexico, EU revamp trade deal before Trump takes office with tariff threats

Mexico and the European Union on Friday announced a revamped trade agreement that they said would substantially increase trade and investment, days before the inauguration of US President-elect Donald Trump, who has threatened to slap sweeping tariffs on Mexico and other trading partners. The new Global Trade Agreement between Mexico and the 27-nation bloc would reduce Mexican tariffs of agri-food imports from Europe, remove a number of barriers that would allow European companies to more easily invest in Mexico and boost Mexican exports of raw materials like fluorspar (used in electronics) as well as antimony, copper, zinc and lead. The updated deal, which first entered into force 25 years ago, also seeks to facilitate strategic cooperation on key geopolitical issues, the European Union said in a statement. We have entered a new era in our strategic partnership with Mexico today. Our upgraded agreement shows the EU and Mexico united for freer trade and an open global economy," said

Senators demand US trade chief halt 'secret' talks on investor protections

Tai was seeking to reach binding agreements on legal interpretations of investment protections before President-elect Donald Trump takes office on Monday, the letter said

Mexico's Sheinbaum plans to cut Chinese imports in apparent nod to Trump

Sheinbaum also used her speech to defend the US-Mexico-Canada (USMCA) trade pact, which she said was the only way to compete with China

Sheinbaum vows Mexico won't bow to US as Trump prepares to take office

Ties between both nations will stay strong and dialogue will prevail, Sheinbaum said during the speech in a Mexico City square

6.2 magnitude earthquake jolts southwestern Mexico, causing no damage

A magnitude 6.2 earthquake struck a region in southwestern Mexico early Sunday, according to the United States Geological Survey, causing no serious damage or casualties. It said the quake was centered 21 kilometers southeast of Aquila near the boundary of Colima and Michoacn states at a depth of 34 kilometers. Mexican President Claudia Sheinbaum said on social media platform X that the quake prompted emergency response teams to review their protocol. "There are no new developments," she wrote. Mexico's Social Security Institute said there were no reports of damage in the capital of Mexico City, some 600 kilometers east of the temblor's epicenter near the mountainous village of Coalcomn, Michoacn. Some people in Coalcomn and in Uruapan, the second largest city in Michoacn, posted surveillance footage on social media time-stamped at 2:32 a.m. local time that showed buildings sway and parked cars shake. Others reported that they ran into the streets to wait for the shaking to ...

Trump touts 'Gulf of America'; Mexico retaliates with 'Mexican America'

US President-elect Donald Trump proposed renaming the Gulf of Mexico as 'Gulf of America'; Mexico counters with 'Mexican America' for North America

Plan for Mexico truck factory ongoing despite US tariff threat: Volvo CEO

The maker of Volvo and Mack semi-trucks has targeted growth in North America, which accounts for about 30 per cent of company revenue

Mexican President Sheinbaum responds to Trump's 'Gulf of America' comment

Mexico's President Claudia Sheinbaum responded sarcastically on Wednesday to US President-elect Donald Trump's proposal to change the name of the Gulf of Mexico to the Gulf of America. Standing before a global map in her daily press briefing, Sheinbaum proposed dryly that North America should be renamed Amrica Mexicana, or Mexican America, because a founding document dating from 1814 that preceded Mexico's constitution referred to it that way. That sounds nice, no? she added with a sarcastic tone. She also noted that the Gulf of Mexico had been named that way since 1607. The exchange has started to answer a larger question lingering over the bilateral relationship between the two regional powers: How would newly elected Sheinbaum handle Trump's strong-handed diplomatic approach, and promises of mass-deportations and crippling taxes on trading partners like Mexico? Sheinbaum's predecessor and political mentor Andrs Manuel Lpez Obrador who hailed from a similar strain of class popul

Mexico opens possibility of receiving non-Mexican deportees from Trump

Mexico opened the possibility on Friday of receiving non-Mexican migrants deported by the United States after initially saying they would push President-elect Donald Trump to return other nationalities directly to their countries of origin. President Claudia Sheinbaum said during her daily press briefing that in cases where the US would not return migrants to their countries we can collaborate through different mechanisms. She did not offer details, but Mexico could limit it to certain nationalities or request compensation from the US to move the deportees from Mexico to their home countries. There will be time to speak with the United States government if these deportations really happen, but we will receive them here, we are going to receive them properly and we have a plan, she said. Sheinbaum had prefaced her comments by saying Mexico is not in favour of them. Trump has promised to begin massive deportations. Critics have observed that there will be logistical challenges to ...

From UK to US and India: World politics took a Left-Right-Left turn in 2024

The 2024 elections were a rollercoaster. Labour roared back in the UK, Trump staged a dramatic return in the US, and PM Modi retained power in India though with a lower mandate