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.
Emergency crews were deployed to the northeastern Ukrainian city of Okhtyrka on Monday morning after a residential high-rise was devastated by a Russi...
Nigerian authorities says they've rescued a 100 children after gunmen abducted 303 pupils and 12 teachers from a Catholic school in Papiri on 21 Novem...
Following a high-level meeting of the Communist Party leadership on Monday, state media confirmed that China will seek to insulate its economy from ex...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 8th of December, covering the latest developments you need to ...
Hong Kong's election on Sunday (7 December) saw a near-record-low turnout after the city's worst fire in nearly 80 years prompted anger against its Ch...
Russia has welcomed U.S. President Donald Trump’s new National Security Strategy, calling it largely consistent with Moscow’s own vision, as Washington pushes forward with efforts to broker an end to the war in Ukraine.
Ukraine’s President Volodymyr Zelenskyy says recent talks with U.S. representatives on a possible peace plan were “constructive, although not easy,” as he prepares for new consultations with European leaders in the coming days.
Israeli Prime Minister Benjamin Netanyahu said on Sunday that he will meet U.S. President Donald Trump later this month, saying a second phase of the U.S. president's Gaza plan was close.
President of the United States of America Donald Trump has sent a letter of gratitude to President of the Republic of Azerbaijan Ilham Aliyev.
A coup attempt by a “small group of soldiers” has been foiled in Benin after hours of gunfire struck parts of the economic capital Cotonou, officials said on Sunday.
A delayed local vote in the rural Honduran town of San Antonio de Flores has become a pivotal moment in the country’s tightest presidential contest, with both campaigns watching its results as counting stretches into a second week.
FIFA releases the 2026 World Cup schedule with match dates, venues, and key fixtures. See when host nations USA, Mexico, and Canada play and get an overview of group stage and knockout rounds.
Lava fountains shot from Hawaii’s Kīlauea volcano from dawn to dusk on Saturday, with new footage showing intensifying activity at the north vent.
McLaren’s Lando Norris became Formula One world champion for the first time in Abu Dhabi, edging Max Verstappen to the title by just two points after a tense season finale.
Emergency crews were deployed to the northeastern Ukrainian city of Okhtyrka on Monday morning after a residential high-rise was devastated by a Russian drone barrage, leaving several civilians wounded as the conflict approaches the end of its fourth year.
Nigerian authorities says they've rescued a 100 children after gunmen abducted 303 pupils and 12 teachers from a Catholic school in Papiri on 21 November.
Following a high-level meeting of the Communist Party leadership on Monday, state media confirmed that China will seek to insulate its economy from external volatility by turning inward, pledging to "keep expanding domestic demand" through a suite of "more proactive" policies.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 8th of December, covering the latest developments you need to know.
Hong Kong's election on Sunday (7 December) saw a near-record-low turnout after the city's worst fire in nearly 80 years prompted anger against its China-backed authorities, but voter participation edged higher than in the previous vote four years ago.
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