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.
Mexican President Claudia Sheinbaum warned on Wednesday that Mexico would impose retaliatory tariffs if U.S. President-elect Donald Trump proceeded with his proposed 25% tariff, which could jeopardise 400,000 U.S. jobs and raise consumer prices.
"Mexico will also raise tariffs if the U.S. implements theirs," Sheinbaum stated, signalling the country's readiness to counter its key trade partner.
Economy Minister Marcelo Ebrard criticised the proposal as counterproductive, arguing it violates the USMCA trade agreement and would harm U.S. growth, jobs, and companies operating in Mexico, particularly the automotive sector.
Ebrard highlighted that 88% of pickup trucks sold in the U.S., primarily manufactured in Mexico, would face price increases, potentially impacting rural Trump supporters. He estimated vehicle prices could rise by $3,000 on average.
While Trump claimed Sheinbaum agreed to curb migration during a call, she clarified Mexico's strategy emphasises cooperation rather than border closures.
Trump's tariff threats, seen as a negotiating tactic, have drawn widespread concern. Analysts warn they could devastate Mexico's automotive industry, which accounts for 25% of North American vehicle production, and eliminate profits for major U.S. automakers like Ford, GM, and Stellantis.
Trade experts predict the USMCA, up for review in 2026, may face renegotiation. Ebrard called for regional unity, stating, "Mexico seeks stronger ties, not divisions." Meanwhile, the peso strengthened slightly, recovering from recent losses.
Kazakhstan has vowed to speed up its investigation into the Azerbaijan Airlines (AZAL) crash near Aktau, as mounti...
U.S. President Donald Trump said the U.S. military has enough stockpiled weapons to fight wars "forever"; in a...
Strikes across the Middle East are intensifying, fuelling travel disruption, driving up global energy prices and forcing diplomatic missions ...
Seven opposition parties in Georgia have formed a coordinated alliance ahead of upcoming elections, saying it aims...
China’s top leadership has unveiled a new push to turn advanced technologies into large-scale industrial priorities as part of the country&rs...
Mexico’s President Claudia Sheinbaum on Thursday thanked FIFA and its President, Gianni Infantino, for reaffirming that the country’s 2026 World Cup host venues will remain unchanged, following violence that erupted after the killing of a major cartel leader.
Mexico has dispatched fresh humanitarian shipments to Cuba as fuel shortages deepen under renewed U.S. pressure, while Canada prepares assistance of its own.
At least 62 people have been killed in Mexico after a pre-dawn military raid targeting one of the country’s most wanted cartel leaders, triggered coordinated violence across more than a dozen states. Troops have been deployed and flights disrupted as security forces sought to regain control.
Mexican authorities said on Sunday that Nemesio Oseguera Cervantes, known as El Mencho and head of the Jalisco New Generation Cartel (CJNG), was killed during a military operation in the western state of Jalisco.
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
Saudi Arabia’s state oil giant Saudi Aramco closed its Ras Tanura refinery on Monday following an Iranian drone strike, an industry source told Reuters as Tehran retaliated across the Gulf after a U.S.-Israeli attack on Iranian targets over the weekend.
The Middle East crisis intensifies after the deadly attack on the compound of the Supreme Leader of Iran Ali Khamenei on Saturday that killed him, other family members and senior figures. Iran has launched retaliatory strikes on U.S. targets in the region.
U.S. President Donald Trump said the U.S. military has enough stockpiled weapons to fight wars "forever"; in a social media post late on Monday. The remarks came hours before conflict in Iran and the Middle East entered its fourth day.
Türkiye raised its security level for Turkish-flagged vessels in the Strait of Hormuz to Level 3 on Sunday (2 March). The development follows Iranian restrictions on shipping after U.S. and Israeli strikes and confirmation of Supreme Leader Ali Khamenei’s death.
Strikes across the Middle East are intensifying, fuelling travel disruption, driving up global energy prices and forcing diplomatic missions to shut their doors as tensions continue to rise.
U.S. President Donald Trump has said the United States has a “virtually unlimited supply” of munitions and is capable of sustaining military action indefinitely, as the conflict with Iran entered its fourth day.
The United Nations has called for an investigation into a deadly attack on a girls’ primary school in Iran, which Iranian officials say has killed more than 100 children. The U.S. has said its forces “would not” deliberately target a school.
U.S. first lady, Melania Trump chaired a UN Security Council meeting on children and education in conflict on Monday (2 March), a move criticised by Iran as hypocritical following U.S. and Israeli strikes that triggered a UN warning about risks to children.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 3rd of February, covering the latest developments you need to know.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment