Page 7 - Mexico

Asia to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs

The United States accounts for 61 per cent and 56 per cent of crude exports from Canada and Mexico

Mexico hints at retaliation to Donald Trump's threats of 25% tariffs

Sheinbaum's calls for collaboration instead of hostility reflect delicate balance she has sought to maintain since Trump's victory put her nation on front line of a potential US trade war with China

Trump threatens tariff war on Canada, Mexico, China: Should India be wary?

President-elect Trump's tariff threats against Canada, Mexico, and China have unsettled global markets, raising questions about how these moves might impact India's trade and economic interests

Donald Trump roils markets with tariff threat on China, Mexico, and Canada

Trump said he would impose additional 10 per cent tariffs on goods from China and 25 per cent tariffs on all products from Mexico and Canada in posts to his Truth Social network on Monday

India may land in top 5 with 12.7% growth in airline seat capacity

On a more positive note, the report points out that with two major airlines, Air India and IndiGo, both having placed large aircraft orders, India's growth in aviation sector is expected to take off

Mexico officials warn about Trump's tariff impact on US companies

Trump campaigned on a pledge to roll out a slew of tariffs, including for firms that had moved operations to Mexico, in a bid to restore jobs in the US

Tropical depression Sara heads to Mexico after floods, 1 dead in Honduras

US National Hurricane Center (NHC) forecast that Sara will weaken as it moves further inland over Mexico's Quintana Roo state

8 of 11 members of Mexico's SC to resign in protest of judicial overhaul

Eight justices of Mexico's Supreme Court have said they will leave the court rather than stand for election as required by a controversial judicial overhaul passed last month. Supreme Court President Norma Pina and seven others submitted letters Tuesday and Wednesday stating they would leave their posts rather than compete in judicial elections scheduled for next June. The court's three other justices have indicated they will compete in the elections. Previously, the Supreme Court's justices were selected by the Senate. Last month, Mexico's Congress passed and a majority of states ratified then-President Andres Manuel Lopez Obrador's initiative to make all of the country's judges subject to election. Lopez Obrador and his allies, including his successor Claudia Sheinbaum, have said the radical change will help rid the judicial system of corruption. However, critics say the courts will become less independent and more subject to political forces. The resignations came before the

Mexico announces food, agri plan that could take country back to 1980s

Mexico's new president announced a new agriculture plan Tuesday that could make the country's food production and distribution look a lot more like it did in the 1980s, when meals in Mexico were dominated by tortillas, beans, instant coffee and cheap hot chocolate. Four decades ago, the ingredients for those meals were often bought at government stores that stocked a few basic goods. President Claudia Sheinbaum pledged Tuesday to revive those often shabby, limited government stores and continue efforts to achieve food sovereignty. It is about producing what we eat, Sheinbaum said of her policy, whose main focus will be on increasing bean and corn production. Sheinbaum appears to have a deep interest in boosting beans. On Monday, she said, It is much better to eat a bean taco than a bag of potato chips." Agriculture Secretary Julio Berdegu said the focus would be on guaranteeing prices for farmers who grow corn used for tortillas and lowering tortilla prices by 10%, after prices ju

FM Sitharaman meets Mexican minister on backdrop of bilateral trade summit

During the meet, Finance minister commended the strong performance of the Mexican economy in the last six years following prudent fiscal policies

Sitharaman invites Mexican firms to collaborate with startups, institutions

Discussions focused on boosting cooperation in technology and innovation, with the goal of expanding collaboration between the two countries

Narco violence leaves 200 dead, 234 missing in Mexican state in grim month

An analysis of hundreds of statements from the state prosecutor's office, the Interior Ministry and local press by Revista Espejo show the deadly tally of the clashes between two criminal groups

Snubbed by Tesla, Mexican govt pledges to create affordable electric car

Snubbed by Tesla, Mexico's new president pledged Friday to create a Mexican-made small, affordable electric car to compete with vehicles imported from China. President Claudia Sheinbaum said Teslas were too onerous, or expensive, for the Mexican market anyway. Tesla's cheapest car, the Model 3, costs about USD 30,000. Tesla CEO Elon Musk said in July the company had paused plans for a plant in Mexico, citing Donald Trump's remarks about possible auto tariffs. Sheinbaum said her government will try to bring together Mexican companies and researchers to produce a compact, cheap electric car. The idea is to use Mexican companies and Mexican researchers' ingenuity, to bring them together to assemble this electric car, Sheinbaum said. The idea is to create production chains so that this entire electric car is made in our country. She cited electric vehicles from China and India some of which are already flooding into Mexico as examples. Small electric motorbikes from China have flood

Trump threatens to impose 200% tariff on vehicles imported from Mexico

Trump made his remarks on tariffs as he pledged to bolster the US auto industry

Mexican soldiers open fire on migrant truck with Indians aboard, 6 killed

A total of 33 migrants were travelling in the truck at which two Mexican soldiers opened fire. Besides Indians, migrants from Egypt, Nepal, Cuba and Pakistan were also onboard

Sheinbaum becomes Mexico's first female prez, vows 'it's time for women'

Sheinbaum also used her first speech as head of state to address investor concerns after the passing of a sweeping judicial reform pushed by her predecessor, Andres Manuel Lopez Obrador

Who is Claudia Sheinbaum, scientist who will head Mexico as 1st female prez

Claudia Sheinbaum takes office Tuesday as Mexico's first female president in the nation's more than 200 years of independence. The 62-year-old former Mexico City mayor and lifelong leftist campaigned on a promise of continuity, of protecting and expanding the signature initiatives of her mentor, former President Andrs Manuel Lpez Obrador. In the four months between her election and inauguration she held that line, backing Lpez Obrador on issues big and small. But Sheinbaum is a very different person; she likes data and doesn't have Lpez Obrador's backslapping personal touch. Mexico now waits to see if she will step out of his shadow. What's Sheinbaum's background? Sheinbaum's background is in science. She has a Ph.D. in energy engineering. Her brother is a physicist. In a 2023 interview with The Associated Press, Sheinbaum said, I believe in science. Observers say that grounding showed itself in Sheinbaum's actions as mayor during the COVID-19 pandemic, when her city of some 9 mi

Hurricane John floods towns along Mexico's Pacific coast, leaving 15 dead

Along Mexico's southern Pacific coast, floodwaters receded on Monday, leaving behind devastated towns and 15 dead, after John struck the coast once as a hurricane and again as tropical storm last week. Desperate residents in the town of Coyuca de Benitez, about 35 miles west of the resort city of Acapulco, organised volunteers to go to outlying areas to burn the bloated bodies of farm animals that drowned. The carcasses could become a health risk, so teams of townspeople set out with cans of diesel to help them in their grim work. The Mexican army began delivering aid packages to families in the town that were hit last year by Hurricane Otis and then last week -- twice -- by John. Some are becoming so tired of the repeated hurricane impacts every year they have almost given up. "I don't want to buy anything anymore, if this is going to continue happening every year," said Yahaira Garcia Marin (32) as she began to clear out her shattered house in Coyuca de Benitez. Around her, lit

Mexico's Pemex ships first fuel export from new Olmeca refinery to India

The exports offer an important milestone in efforts to start-up Olmeca, but fall short of government promises

Mexico's most popular president retiring, here's what he will leave behind

Many Mexicans will feel a deep sense of loss when folksy, charismatic, nationalistic President Andres Manuel Lopez Obrador leaves office on September 30 and that's no surprise. Lopez Obrador himself has spent an inordinate amount of time talking about his own legacy and his place in history over his six-year term, something he brings up at almost every one of his marathonic daily 7 a.m. media briefings. But what legacy will the rumpled, grinning Lopez Obrador leave behind? It is perhaps the main question for a man who is obsessed with history, and one thing appears clear: he has changed the way politics is done in Mexico, perhaps forever. Unlike decades of reserved and distant presidents, Lopez Obrador has built a deep personal connection with many Mexicans. He has stripped the office of the thousands of presidential guards, limousines and walled compounds that once characterised it, saying you can't have a rich government with poor people. He is a politician who evokes ...