Trump says Iran not ready to make the 'right deal'
U.S. President Donald Trump said Iran was not ready to make what he called the "right deal" with Washington as tensions persisted over th...
Fabiola Galicia, who worked for 11 years at a decorative ribbon factory in Ciudad Juarez, saw her hours cut to just three days a week in June.
In August, Design Group Americas – which filed for bankruptcy protection last month – closed its Ciudad Juarez factory, leaving Galicia and around 300 other employees without work.
Court filings indicate the company partially blamed U.S. President Donald Trump’s tariffs for its difficulties. Galicia said a company representative explicitly cited the tariffs: “They told us the tariffs had affected the company.”
Assembly plants in Ciudad Juarez, which import raw materials mostly duty-free and export finished products to the U.S., are now in crisis. President Trump’s global trade war has compounded challenges already facing the sector, including rising wages and investor concerns over reforms by Mexico’s ruling leftist Morena party.
These plants, known as maquiladoras, account for roughly 60 per cent of jobs in Ciudad Juarez. The city became a major manufacturing hub as multinational companies relocated operations there to avoid U.S. tariffs on Chinese goods. But after years of growth, many factories are now laying off staff or closing entirely.
According to Mexico’s National Institute of Statistics and Geography, between June 2023 and June 2025, Ciudad Juarez lost more than 64,000 factory jobs, including nearly 14,000 in the first six months of this year alone.
Maria Teresa Delgado, vice-president of the maquila association INDEX Juarez, described the industry as “in crisis.” She cited a combination of factors behind the layoffs, including Trump’s tariffs, rising minimum wages, and investor concerns. In northern Mexico, the minimum wage has increased from 22 pesos ($1.17) per hour in 2019 to 52.48 pesos ($2.80) today.
Delgado called the tariffs “the cherry on top” of the mounting pressures facing factories.
Foreign direct investment in Mexico fell 21 per cent in the first quarter of 2025 compared with the previous year. In Chihuahua state, where Ciudad Juarez is located, investment in manufacturing dropped 56 per cent, from $800 million to $348 million.
Some companies are already leaving Ciudad Juarez, relocating to countries with lower labour costs or investing in the U.S. to avoid tariffs. Earlier this year, automotive parts manufacturer Lear Corp announced it would move some production lines to Honduras. French electronics maker Lacroix plans to close its Ciudad Juarez operations by the end of the year.
Thor Salayandia, president of the regional business coalition Border Block Trade, said he had to cut staff at his nail factory in Ciudad Juarez, reducing employees from around 90 in 2023 to just 20. “Clients are cutting costs. One day they place an order, the next they don’t,” he said.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Russia is open to listening to new proposals on how to reach a settlement on the Ukraine conflict, a senior Russian diplomat said, but any proposals should reflect the "realities on the ground".
A large-scale drone attack has hit Russia's Samara region, damaging facilities and disrupting operations at an Ozon logistics complex, according to regional authorities and the company.
U.S. President Donald Trump said Iran was not ready to make what he called the "right deal" with Washington as tensions persisted over the war and the Strait of Hormuz.
Türkiye said on Thursday it would continue helping Syria strengthen its military, despite rising tensions with Israel over Ankara’s role in the country.
Tunisian authorities have recovered the bodies of four migrants after a boat carrying 15 people capsized off the southeastern coast, with search operations continuing for those still missing, according to a migrant rights group.
A large-scale drone attack has hit Russia's Samara region, damaging facilities and disrupting operations at an Ozon logistics complex, according to regional authorities and the company.
The United States has imposed 50% tariffs on a range of Canadian goods after Washington and Ottawa failed to reach a new trade agreement, with both sides accusing the other of derailing negotiations at the final stage.
Türkiye has asked Interpol to issue a red notice for Israeli Prime Minister Benjamin Netanyahu in a criminal case linked to Israel’s interception of the Global Sumud Flotilla carrying humanitarian aid to Gaza, Justice Minister Akın Gürlek said on Friday.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 22nd of August, covering the latest developments.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment