Mexico warns that U.S President-Elect Donald Trumps tariff increase would kill four hundred thousand U.S jobs. The economy Minister Marcelo Ebrard also warns that they will retaliate.
Mexico says that the proposed tariffs of 25 percent for import goods by U.S. President Elect Donald Trump would severely impact U.S. jobs, raise consumer prices, and disrupt key industries like the automotive manufacturing. Aswell as affecting US companies the move will impact other countries such as Canada and China.
Now Mexico warns they could retaliate.
Mexican Economy Minister Marcelo Ebrard said during a press conference that the impact of a 25% tariff hike would be significant, explaining that if the tax were imposed on the companies along with many others, it could affect 400,000 jobs in the United States.
Ebrard also says that the tariffs could violate the The United States-Mexico-Canada Agreement trade deal and harm US companies in Mexico. The proposed tariffs, which Trump claims are aimed at curbing drugs and migration, could also increase vehicle prices by $3,000.
In Canada, the federal government and provincial leaders have united in opposition to Trump’s proposed tariffs. Finance Minister Chrystia Freeland emphasized that Canada would respond in a coordinated manner, stating that the country must work together, remain strong, and tackle the challenge intelligently. She highlighted that discussions focused primarily on the border and the Canada-US trade relationship.
Meanwhile, with China, Trump proposes a 10% tariff on Chinese products. He argues that the tariffs are essential to combat illegal immigration and drug trafficking, despite border apprehensions reaching four-year lows.
China’s state media has praised U.S. companies like Apple and Tesla for strong collaboration with Chinese partners, as Trump moves forward with his tariff plans. The Chinese embassy official warned that no one will win a trade war.
A small propeller plane crashed in the Austrian Alps on Saturday, killing all four people on board, authorities said....
The death toll from a collapsed residential building in southern Pakistan has climbed to 21 as rescuers continue searching for survivors into the seco...
Kenya’s Beatrice Chebet broke the women’s 5000-metre world record on Saturday, becoming the first woman in history to run the distance in under 14...
Armenia’s Foreign Ministry has reaffirmed that the country’s territory cannot be used by any third party to carry out military operations against ...
Türkiye has extended condolences to the families of those killed in severe flooding in the U.S. state of Texas....
Posting on X on Saturday evening, Musk wrote: “By a factor of 2 to 1, you want a new political party and you shall have it! Today, the America Party is formed to give you back your freedom.”
Ukrainian President Volodymyr Zelenskyy said on Saturday that Kyiv has signed new agreements with international partners to boost joint arms production amid ongoing Russian attacks.
Texas flooding kills 27, including children, as rescues continue and more rain threatens.
French President Emmanuel Macron and Chinese Foreign Minister Wang Yi met in Paris to discuss enhancing trade, multilateralism, and cooperation on global challenges.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Following a deadly glacier collapse in Blatten, near the Swiss Alpine village of Kandersteg, the town is on high alert as melting permafrost and shifting rock threaten another potential disaster after it was buried a month ago.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Shanghai welcomed its first-ever Legoland resort, attracting visitors with a giant 26-meter Lego figure named Dada.
Northern Pakistan recorded some of its highest temperatures ever on Saturday, with Gilgit-Baltistan’s Chilas district reaching 48.5°C (119.3°F), breaking a 28-year-old record, according to the Meteorological Department.
Türkiye sent two firefighting aircraft to Syria on Saturday to help control wildfires as crews battled flames on both sides of the border.
A small propeller plane crashed in the Austrian Alps on Saturday, killing all four people on board, authorities said.
The death toll from a collapsed residential building in southern Pakistan has climbed to 21 as rescuers continue searching for survivors into the second day.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment