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.
Trump's advisers propose Ukraine war peace plans, including freezing battle lines and halting NATO bids. Critics doubt success, citing conflict complexity and Putin's stance. Trump vows swift resolution but details remain unclear.
President-elect Trump appoints Massad Boulos, his daughter Tiffany's father-in-law, as senior adviser on Arab and Middle Eastern affairs, highlighting deep ties to Lebanese and Arab American communities.
Trump warns BRICS nations against creating a rival currency to the U.S. dollar, threatening 100% tariffs. Putin praises BRICS as a pillar of a new world order.
U.S. President-elect Donald Trump met with Canadian PM Justin Trudeau, discussing trade, energy, and immigration amid fears of a trade war sparked by proposed tariffs on Canadian and Mexican imports.
Canadian PM Justin Trudeau meets U.S. President-elect Trump at Mar-a-Lago after Trump’s tariff threats on Canadian imports, sparking economic concerns amid Trudeau’s political challenges.
Barnier will leave office having served the shortest prime ministerial term in modern French history
Armenian Prime Minister Nikol Pashinyan has declared that ties between Armenia and the Russian-led Collective Security Treaty Organisation (CSTO) have crossed the "point of no return"
Brian Thompson, CEO of UnitedHealth's insurance unit, was fatally shot outside a Manhattan hotel. The incident remains under investigation, with no arrests yet made.
Does the aging process speed up in space? Oxford's Space Innovation Lab has sent human tissue samples to the International Space Station to investigate how microgravity might affect the aging process, potentially leading to breakthroughs in age-related diseases
The race for humanoid robots heats up, as companies like Tesla and 1X push forward with AI-powered machines. One of the latest contenders, 1X’s NEO, promises to to assist with everything from cleaning to companionship.
Negotiations at COP29 in Baku face a critical impasse as sharp divisions over climate finance and fossil fuel commitments threaten progress.
"Come up with the video in its full form," demands the COP29 CEO, Elnur Soltanov, in an exclusive interview with AnewZ. The chief executive has broken his silence on the claims he was using his position to organise potential fossil fuel deals.
Barnier will leave office having served the shortest prime ministerial term in modern French history
Brian Thompson, CEO of UnitedHealth's insurance unit, was fatally shot outside a Manhattan hotel. The incident remains under investigation, with no arrests yet made.
Does the aging process speed up in space? Oxford's Space Innovation Lab has sent human tissue samples to the International Space Station to investigate how microgravity might affect the aging process, potentially leading to breakthroughs in age-related diseases
The race for humanoid robots heats up, as companies like Tesla and 1X push forward with AI-powered machines. One of the latest contenders, 1X’s NEO, promises to to assist with everything from cleaning to companionship.
Protests in Georgia over EU talks have entered their sixth day, resulting in 300 arrests and dozens of injuries. Prime Minister Irakli Kobakhidze labeled the unrest as an attempt to spark a revolution.
Barnier will leave office having served the shortest prime ministerial term in modern French history
Armenian Prime Minister Nikol Pashinyan has declared that ties between Armenia and the Russian-led Collective Security Treaty Organisation (CSTO) have crossed the "point of no return"
Brian Thompson, CEO of UnitedHealth's insurance unit, was fatally shot outside a Manhattan hotel. The incident remains under investigation, with no arrests yet made.
Does the aging process speed up in space? Oxford's Space Innovation Lab has sent human tissue samples to the International Space Station to investigate how microgravity might affect the aging process, potentially leading to breakthroughs in age-related diseases
The race for humanoid robots heats up, as companies like Tesla and 1X push forward with AI-powered machines. One of the latest contenders, 1X’s NEO, promises to to assist with everything from cleaning to companionship.
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