U.S., China confront each other on Ukraine at United Nations
At a United Nations Security Council meeting on Friday, the United States called on China to stop supporting Russia’s military efforts in Ukraine, a...
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.
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.
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Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
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At a United Nations Security Council meeting on Friday, the United States called on China to stop supporting Russia’s military efforts in Ukraine, accusing Beijing of enabling Moscow’s aggression through the export of dual-use goods.
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Liberal MPs are openly urging the Canadian government to follow France in recognising Palestine as a state.
U.S. Secretary of State Marco Rubio on Friday praised Pakistan's role in promoting regional stability and discussed deeper cooperation on counterterrorism, trade, and critical minerals during a meeting in Washington with Deputy Prime Minister Ishaq Dar.
President Volodymyr Zelenskyy said on Friday that Ukrainian forces are engaged in intense battles near the eastern city of Pokrovsk, a critical logistics center where Russian forces have been steadily advancing and claiming new territory almost daily.
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