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.
Mexico is deploying 10,000 troops to the U.S. border under a deal that paused Trump’s tariffs, aiming to curb fentanyl trafficking and illegal migration.
Environmentalists in Mexico City are rallying against a gas export project in the Gulf of California, warning it could endanger whales and disrupt the region’s fragile marine ecosystem. The project, led by Saguaro Energia, involves deep-sea vessels that would navigate through whale breeding grounds,
Google Maps will soon rename the "Gulf of Mexico" to the "Gulf of America" in the US, following a change in the US Geographic Names System, the company confirmed on January 27.
On January 27, approximately 1,500 migrants, mainly from Haiti and Venezuela, formed long lines outside the temporary facilities of the Mexican refugee office (COMAR) near Mexico City.
Local prosecutors have confirmed the discovery of at least 56 bodies in unmarked mass graves near the US-Mexico border in Chihuahua state, a region plagued by cartel violence and drug trafficking.
Start your day informed with AnewZ Morning Brief: here are the top news stories for February 5th, covering the latest developments you need to know.
The wave of anti-corruption protests in Serbia continues to grow. On February 4, teachers and farmers joined students in an anti-government demonstration in the central city of Kragujevac. Thousands of people marched through the streets, holding banners and blowing whistles in protest.
Saudi Arabia reaffirmed on Wednesday that it will not establish diplomatic ties with Israel unless a Palestinian state is created. The statement follows remarks by former U.S. President Donald Trump, who claimed that Riyadh was not making such a demand.
U.S. President Donald Trump declared that the United States will take over the Gaza Strip, dismantle unexploded ordnance, and lead economic redevelopment in the area.
U.S. President Donald Trump said Tuesday he is open to meeting Iran’s leader while announcing new sanctions to block Tehran’s nuclear ambitions.
Kazakhstan's Ministry of Transport has released the preliminary report on the investigation on Azerbaijan Airlines's flight J2-8243's tragic crash. Read excerpts from the report and watch AnewZ's complete coverage.
An American Airlines regional jet and a U.S. Army Black Hawk helicopter crashed into the Potomac River after a midair collision near Reagan Washington National Airport on Wednesday night, officials said.
The U.S. has officially entered a new trade war. President Donald Trump has slapped 25% tariffs on imports from Canada and Mexico and 10% on China, citing immigration and drug trafficking concerns. The move has immediate consequences for businesses and consumers—so what happens next?
Start your day informed with AnewZ Morning Brief: here are the top news stories for February 5th, covering the latest developments you need to know.
The wave of anti-corruption protests in Serbia continues to grow. On February 4, teachers and farmers joined students in an anti-government demonstration in the central city of Kragujevac. Thousands of people marched through the streets, holding banners and blowing whistles in protest.
Saudi Arabia reaffirmed on Wednesday that it will not establish diplomatic ties with Israel unless a Palestinian state is created. The statement follows remarks by former U.S. President Donald Trump, who claimed that Riyadh was not making such a demand.
U.S. President Donald Trump declared that the United States will take over the Gaza Strip, dismantle unexploded ordnance, and lead economic redevelopment in the area.
U.S. President Donald Trump said Tuesday he is open to meeting Iran’s leader while announcing new sanctions to block Tehran’s nuclear ambitions.
Start your day informed with AnewZ Morning Brief: here are the top news stories for February 5th, covering the latest developments you need to know.
The wave of anti-corruption protests in Serbia continues to grow. On February 4, teachers and farmers joined students in an anti-government demonstration in the central city of Kragujevac. Thousands of people marched through the streets, holding banners and blowing whistles in protest.
Saudi Arabia reaffirmed on Wednesday that it will not establish diplomatic ties with Israel unless a Palestinian state is created. The statement follows remarks by former U.S. President Donald Trump, who claimed that Riyadh was not making such a demand.
U.S. President Donald Trump declared that the United States will take over the Gaza Strip, dismantle unexploded ordnance, and lead economic redevelopment in the area.
U.S. President Donald Trump said Tuesday he is open to meeting Iran’s leader while announcing new sanctions to block Tehran’s nuclear ambitions.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment