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.
Authorities in South Korea fear five people remain trapped on Thursday after the collapse of a large structure at a power station in the city of Ulsan...
Typhoon Kalmaegi slammed into Vietnam, forcing authorities to cancel hundreds of flights and order people to stay indoors, two days after the storm st...
Uzbekistan and Türkiye are negotiating new measures to ease legal labour migration, including an electronic work visa system for Uzbek nationals and ...
Poland will roll out a new military training programme this month as part of a broader plan to train around 400,000 people in 2026, the Defence Minist...
A NATO delegation was received by Azerbaijan's President Ilham Aliyev in the country's capital on Thursday (6 November) as well as with the deputy per...
U.S. Supreme Court justices expressed scepticism on Wednesday about the legality of President Donald Trump’s wide-ranging tariffs, in a landmark case that could have major consequences for the global economy and test the limits of presidential power.
U.S. President Donald Trump personally urged Chinese leader Xi Jinping to release imprisoned Hong Kong media tycoon Jimmy Lai during their meeting in South Korea last week, according to three individuals briefed on the discussions and a U.S. administration official.
The U.S. Senate has blocked a Republican-backed funding bill for the 14th time, as the government shutdown reached 35 days on Tuesday — tying the longest in U.S. history.
U.S. President Donald Trump is set to meet with Syrian President Ahmed al-Sharaa at the White House on Monday, press secretary Karoline Leavitt announced on Tuesday during a press briefing.
The Champions League match between Qarabağ FK and Chelsea ended 2–2 at the Tofig Bahramov Republican Stadium in Baku, Azerbaijan on Wednesday (5 November).
Brussels airport, Belgium's busiest, reopened on Wednesday morning after drone sightings during the previous night had resulted in it being temporarily closed, although some flights remained disrupted, its website said.
A French court has postponed the trial of a suspect linked to the Louvre jewellery heist in a separate case, citing heavy media scrutiny and concerns about the fairness of the proceedings.
Russia remains in constant contact with Venezuela over tensions in the Caribbean, Kremlin spokesman Dmitry Peskov was quoted as saying on Tuesday.
U.S. federal investigators have recovered the flight recorders from the wreckage of a UPS cargo plane that crashed and erupted in flames during takeoff in Louisville, Kentucky, killing at least 12 people and halting airport operations.
Poland will roll out a new military training programme this month as part of a broader plan to train around 400,000 people in 2026, the Defence Ministry said on Thursday.
A NATO delegation was received by Azerbaijan's President Ilham Aliyev in the country's capital on Thursday (6 November) as well as with the deputy permanent representatives of the U.S. and France to the security alliance organisation, with talks focusing on global and regional issues.
France's Louvre Museum began a security audit a decade ago but the recommended upgrades will not be completed until 2032, the state auditor said in a report on Thursday compiled before a spectacular heist there last month.
Lebanon's Hezbollah said on Thursday that it had "a legitimate right to resist (Israeli) occupation", adding that it would support the Lebanese army.
The driver who rammed his car into a crowd in western France on Wednesday is suspected of "self-radicalisation" and had "explicit religious references" at home, the country's Interior Minister Laurent Nunez said on Thursday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment