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.
In a recent interview with Time, President Donald Trump reaffirmed his stance on high tariffs, stating that they could remain in place for the foreseeable future, even suggesting that a “total victory” would mean import taxes as high as 50% within a year.
U.S. President Donald Trump is set to release his fiscal year 2026 budget on Friday, which will be sent to Capitol Hill for review, Axios reported on Thursday.
Donald Trump said talks between his envoy and Vladimir Putin made major progress toward ending the Ukraine war, urging Kyiv and Moscow to meet face-to-face.
President Donald Trump on Thursday signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.
President Donald Trump called on Vladimir Putin to halt missile strikes on Kyiv, urging a return to peace talks amid rising casualties.
Mercedes-Benz(MBGn.DE), opens new tab plans to begin producing a new vehicle at its Tuscaloosa, Alabama, plant in 2027, the company said Thursday, the latest in a series of investments carmakers have announced following U.S. President Donald Trump's aggressive auto tariffs.
Australians voiced a mix of optimism and apathy Friday as they geared up to vote in Saturday’s tight national election, with cost-of-living pressures, housing affordability and U.S. tariff tensions shaping the contest.
Iran and Azerbaijan have signed a landmark agreement to develop cross-border communication corridors and data transit routes, marking a significant step toward enhanced regional digital connectivity.
Mongolia’s Mineral Resources and Petroleum Authority and the Korea Gas Safety Corporation signed a Memorandum of Understanding on April 29, 2025, to enhance cooperation on flammable gas safety.
South Korea’s Prime Minister and Acting President Han Duck-soo has resigned and announced his presidential bid, pledging to shorten his term to three years in order to pursue constitutional reform and apply his economic expertise to address the ongoing trade crisis.
In an expansive interview marking his first 100 days back in office, President Donald Trump sketched out an agenda that touches everything from punitive tariffs and China policy to cease-fire hopes in Ukraine and an overhaul of domestic programmes. Below are the highlights.
A deadly explosion at Iran’s Bandar Abbas port has left at least 40 dead, with more than 1,200 people injured, state media reported on Sunday, halting operations at one of the country’s most vital trade hubs.
A vehicle crashed into a crowd at a Filipino festival in Vancouver, killing 11 and injuring dozens.
North Korea has launched a new 5,000-tonne destroyer as part of Kim Jong Un’s plans to expand the country’s naval power far beyond its coastal waters.
A massive explosion at Shahid Rajaee Port in southern Iran on Saturday killed at least four people and injured nearly 600 others, officials said, prompting an urgent government investigation.
Australians voiced a mix of optimism and apathy Friday as they geared up to vote in Saturday’s tight national election, with cost-of-living pressures, housing affordability and U.S. tariff tensions shaping the contest.
Mongolia’s Mineral Resources and Petroleum Authority and the Korea Gas Safety Corporation signed a Memorandum of Understanding on April 29, 2025, to enhance cooperation on flammable gas safety.
South Korea’s Prime Minister and Acting President Han Duck-soo has resigned and announced his presidential bid, pledging to shorten his term to three years in order to pursue constitutional reform and apply his economic expertise to address the ongoing trade crisis.
U.S. President Donald Trump has declared May 8 as Victory Day for World War II and November 11 for World War I, claiming the United States played the most decisive role in winning both wars and vowing to revive national celebrations of military triumph.
Start your day informed with AnewZ Morning Brief: here are the top news stories for May 2nd, covering the latest developments you need to know.
Mercedes-Benz(MBGn.DE), opens new tab plans to begin producing a new vehicle at its Tuscaloosa, Alabama, plant in 2027, the company said Thursday, the latest in a series of investments carmakers have announced following U.S. President Donald Trump's aggressive auto tariffs.
Australians voiced a mix of optimism and apathy Friday as they geared up to vote in Saturday’s tight national election, with cost-of-living pressures, housing affordability and U.S. tariff tensions shaping the contest.
Iran and Azerbaijan have signed a landmark agreement to develop cross-border communication corridors and data transit routes, marking a significant step toward enhanced regional digital connectivity.
Mongolia’s Mineral Resources and Petroleum Authority and the Korea Gas Safety Corporation signed a Memorandum of Understanding on April 29, 2025, to enhance cooperation on flammable gas safety.
South Korea’s Prime Minister and Acting President Han Duck-soo has resigned and announced his presidential bid, pledging to shorten his term to three years in order to pursue constitutional reform and apply his economic expertise to address the ongoing trade crisis.
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