Mexican President Claudia Sheinbaum on Thursday praised a recent phone call with U.S. President Donald Trump, highlighting an agreement aimed at improving the trade balance between the two nations.
Describing the conversation as "positive," Sheinbaum noted that both administrations are committed to working together to enhance trade conditions. "We agreed that the Secretaries of Finance and Treasury, as well as the Secretaries of Economy and Trade, will continue working in the coming days on alternatives to improve our trade balance and advance on pending issues for the benefit of both countries," she said in a statement on X.
Sheinbaum explained that Trump's administration is focused on reducing the trade deficit with Mexico, which has historically favored Mexican exports. "What the United States government is very interested in is reducing the deficit — what they call the deficit with Mexico — and for some time now, we have been proposing that we look for ways, across the entire economy, to increase purchases from the United States," she added.
Despite facing a wave of economic policies targeting foreign trade, Mexico has largely avoided Trump’s threatened tariffs on its exports. However, the U.S. president continues to hold Mexico accountable for the ongoing trade imbalance.
Trump's second-term economic policies have been characterized by the use of tariffs, aimed at reversing longstanding trade deficits with key partners such as Mexico, which is now the U.S.'s largest trading partner. According to recent data from January 2025, the U.S. trade deficit with Mexico stood at $13.7 billion, fueled by a 9.5% rise in Mexican exports to the U.S. compared to a 5.3% increase in U.S. exports to Mexico.
US President Donald Trump is willing to attend the upcoming Russia–Ukraine peace negotiations in Istanbul, but only if Russian President Vladimir Putin confirms his participation, Trump’s special envoy to Ukraine said.
US President Donald Trump will briefly meet Syria’s new President Ahmad al-Sharaa during his visit to Saudi Arabia, in a move signalling potential policy shifts towards Damascus.
Israeli Defence Minister Israel Katz issued a stern warning on Thursday, stating that Yemen's Houthi rebels will face severe retaliation if they continue launching attacks on Israel. He emphasized that the Israeli Defence Forces are fully prepared to respond to any threat.
On May 8, 2025, the United States proudly commemorates the 80th anniversary of the Allied victory over fascism and the end of World War II in Europe- a defining triumph for freedom and democracy.
President Trump has unveiled plans to rebuild and reopen Alcatraz prison to detain America’s most dangerous criminals, calling it a return to a time when the country dealt more firmly with lawlessness.
Colombian President Gustavo Petro announced on May 16 that his country has started the process of joining the New Development Bank of BRICS.
Ministers in Libya’s Government of National Unity (GNU) are resigning one by one amid mounting protests in Tripoli, Libya Press agency reports
The US Supreme Court on Friday paused President Donald Trump’s attempt to carry out deportations using the 1798 Alien Enemies Act, siding with a group of Venezuelan immigrants in Texas who argued they were at risk of sudden removal under the rarely used wartime law.
Two North Korean fishermen picked up by South Korean patrols in March remain stranded in the South as Pyongyang refuses to respond to requests for their return.
The US has lost its final AAA credit rating after Moody’s downgraded the country to Aa1, citing growing deficits and mounting debt as risks to long-term fiscal health.
Ukrainian President Volodymyr Zelenskyy met Turkish President Recep Tayyip Erdogan in Ankara on May 15, with discussions reportedly focusing on upcoming peace talks between Ukrainian and Russian delegates in Istanbul.
Israeli Prime Minister Benjamin Netanyahu said the war in Gaza will not stop until Hamas is destroyed, following the release of US-Israeli soldier Edan Alexander.
Qatar signed a landmark agreement with U.S. aerospace giant Boeing on Wednesday to acquire 160 aircraft for Qatar Airways, a deal valued at $200 billion. The signing took place in Doha during the visit of U.S. President Donald Trump.
Delegations from Russia and Ukraine met in Türkiye for their first direct peace talks since 2022, with discussions lasting under two hours.
Vietnam and Thailand have officially upgraded their ties to a strategic partnership, marking a significant step forward in regional diplomacy.
Indian Minister of Petroleum and Natural Gas, Hardeep Singh Puri, announced that India is opening up 200,000 square kilometers of its sedimentary basin for oil and gas exploration, inviting Russian companies to participate.
Colombian President Gustavo Petro announced on May 16 that his country has started the process of joining the New Development Bank of BRICS.
Ministers in Libya’s Government of National Unity (GNU) are resigning one by one amid mounting protests in Tripoli, Libya Press agency reports
The US Supreme Court on Friday paused President Donald Trump’s attempt to carry out deportations using the 1798 Alien Enemies Act, siding with a group of Venezuelan immigrants in Texas who argued they were at risk of sudden removal under the rarely used wartime law.
Colombian President Gustavo Petro announced on May 16 that his country has started the process of joining the New Development Bank of BRICS.
Ministers in Libya’s Government of National Unity (GNU) are resigning one by one amid mounting protests in Tripoli, Libya Press agency reports
The US Supreme Court on Friday paused President Donald Trump’s attempt to carry out deportations using the 1798 Alien Enemies Act, siding with a group of Venezuelan immigrants in Texas who argued they were at risk of sudden removal under the rarely used wartime law.
Two North Korean fishermen picked up by South Korean patrols in March remain stranded in the South as Pyongyang refuses to respond to requests for their return.
The US has lost its final AAA credit rating after Moody’s downgraded the country to Aa1, citing growing deficits and mounting debt as risks to long-term fiscal health.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment