Mexico is going to find a solution to avoid the imposing of tariffs by the United States, Economy Minister Marcelo Ebrard said on Friday, following threats from U.S. President-elect Donald Trump to do so.
Trump has promised sweeping tariffs on Mexico if it does not crack down on migrant arrivals at the shared border and the entry of drugs, particularly fentanyl, into the U.S.
Ebrard, speaking at a conference in Mexico City, compared the current trade tensions with previous negotiations during Trump's first term, when Ebrard was Mexico's foreign minister.
Then, Trump made big tariff threats around migration that did not come to pass.
"In the end, there were no tariffs or treaties, because we found a way out," Ebrard said, adding that this time, "I guarantee you we're going to find (a way out)."
Ebrard reiterated that Trump's tariff threats seemed unrealistic because of the heavy impact they would have on the U.S. economy.
"You can't have low inflation and sustained economic growth in the U.S. if, at the same time, you're rolling out strong protectionist policies against Mexico and China," he said. "That's a key advantage for Mexico."
Trump has also accused Mexico of being a backdoor for Chinese goods to reach the U.S., something Mexico denies.
Mexico has, however, launched a crackdown on contraband products imported from Asia called "Operation Clean-Up." It also imposed tariffs on textile imports, which Ebrard said were in response to the flooding of the local market with cheap goods.
Mexico is also looking to broaden its trade relationship with other countries beyond the U.S., Ebrard said, adding that the United Arab Emirates' sovereign wealth fund was studying investments in Mexico's semiconductor and renewable energy sectors.
South American migrants are rushing to the U.S.-Mexico border, hoping to secure entry before Donald Trump’s upcoming inauguration brings tougher immigration policies.
Mexico detains 475,000 migrants since October, as President-elect Trump pressures Mexico with tariff threats over illegal border crossings.
Mexican President Claudia Sheinbaum and U.S. President-elect Donald Trump held a cordial phone call to discuss trade, migration, and regional cooperation. While tensions remain over proposed tariffs, both leaders expressed commitment to maintaining positive relations.
Mexico warns that U.S President-Elect Donald Trumps tariff increase would kill four hundred thousand U.S jobs. The economy Minister Marcelo Ebrard also warns that they will retaliate.
Mexican President Claudia Sheinbaum warned of retaliatory tariffs if U.S. President-elect Trump imposes a 25% tariff, risking U.S. jobs and price hikes. Economy Minister Ebrard urged regional unity, cautioning the move could harm industries and violate the USMCA deal.
Mexico pledges to resolve U.S. tariff threats, highlighting trade resilience, crackdown on contraband, and efforts to expand partnerships, including UAE investments in semiconductors and renewable energy.
Disney, Fox, and Warner Bros Discovery have cancelled Venu Sports, their joint sports streaming venture, following legal challenges and accusations of anti-competitive behaviour.
Moldova’s separatist region of Transdniestria has extended its state of emergency for another month as it struggles with an energy crisis following Russia’s suspension of gas supplies. The region faces power cuts and shortages amid rising tensions before Moldova's elections.
Türkiye has the capacity, power, and determination to eliminate all threats to its existence at their source,” said the country's Foreign Minister Hakan Fidan.
Thousands rallied in Bucharest, Romania, demanding the reinstatement of canceled elections after claims of Russian interference, as tensions rise over democracy and trust in state institutions.
Highland Park resident Sabrina gives a firsthand account of fleeing the devastating Southern California wildfires, as fierce 80 mph winds drive the Eaton Fire toward residential areas. In an exclusive interview, Sabrina details her experience joining the other 130,000 displaced citizens.
A Cessna CJ1+ aircraft (PR-GFS) crashed while landing at Gastão Madeira State Airport (UBT) in Ubatuba, Brazil, on 9 January 2025, amidst adverse weather. The crash, which claimed the pilot’s life and injured seven others, has raised concerns over private aviation safety in Brazil.
Azerbaijan's Foreign Ministry is working with Eritrean authorities to secure the release of 18 Azerbaijani citizens detained after their vessels entered Eritrean waters on November 7, 2024, due to severe weather. The crew faces charges of unauthorized entry.
Moldova’s separatist region of Transdniestria has extended its state of emergency for another month as it struggles with an energy crisis following Russia’s suspension of gas supplies. The region faces power cuts and shortages amid rising tensions before Moldova's elections.
Thousands rallied in Bucharest, Romania, demanding the reinstatement of canceled elections after claims of Russian interference, as tensions rise over democracy and trust in state institutions.
Firefighters report progress against Los Angeles County's wildfires, but strong winds threaten to worsen conditions. Over 34,000 acres have burned, with 10 fatalities and nearly 10,000 structures destroyed, as efforts focus on controlling the region’s most devastating blazes.
Italy has reopened its embassy in Damascus after 12 years, with Foreign Minister Antonio Tajani emphasizing support for the Syrian people and plans to boost economic cooperation during his visit.
EASA issues a safety alert advising against flights in key Russian airspace, citing risks tied to the Ukraine conflict and a recent crash. Guidance applies until July 2025.
Mexico pledges to resolve U.S. tariff threats, highlighting trade resilience, crackdown on contraband, and efforts to expand partnerships, including UAE investments in semiconductors and renewable energy.
Disney, Fox, and Warner Bros Discovery have cancelled Venu Sports, their joint sports streaming venture, following legal challenges and accusations of anti-competitive behaviour.
Moldova’s separatist region of Transdniestria has extended its state of emergency for another month as it struggles with an energy crisis following Russia’s suspension of gas supplies. The region faces power cuts and shortages amid rising tensions before Moldova's elections.
Türkiye has the capacity, power, and determination to eliminate all threats to its existence at their source,” said the country's Foreign Minister Hakan Fidan.
Thousands rallied in Bucharest, Romania, demanding the reinstatement of canceled elections after claims of Russian interference, as tensions rise over democracy and trust in state institutions.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment