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.
The administration of U.S. President Donald Trump is engaged in talks with Azerbaijan and exploring outreach to Central Asian nations regarding a pote...
Donald Trump has ordered two U.S. nuclear submarines to be deployed near Russia, citing a need to counter what he called provocative threats from Krem...
Leaders of Türkiye, Italy and Libya met in Istanbul on Friday, pledging deeper cooperation on energy, migration and regional stability....
U.S. Secretary of State Marco Rubio has dismissed recent Western recognition of Palestine, saying a Palestinian state cannot exist without Israel’s ...
Cambodia will nominate U.S. President Donald Trump for the Nobel Peace Prize following his role in ending a deadly five-day armed conflict with Thaila...
Southeast Asian nations expressed relief on Friday after the United States imposed tariffs on their exports that were significantly lower than anticipated- settling around 19% for the region’s largest economies and helping level the competitive field.
Switzerland is seeking a negotiated solution after the U.S. imposed a 39% tariff on its exports, one of the highest rates under Donald Trump's trade agenda, prompting warnings over job losses and damage to key industries.
The freeze on President Donald Trump’s reciprocal tariffs ended on Friday, triggering new duties that Ford says have already cost it $2 billion and prompting warnings from global manufacturers and U.S. allies.
Eurozone bond yields jumped as U.S. President Donald Trump imposed tariffs on exports from multiple countries, adding pressure on inflation and reshaping expectations for central bank policy.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
The administration of U.S. President Donald Trump is engaged in talks with Azerbaijan and exploring outreach to Central Asian nations regarding a potential expansion of the Abraham Accords, five sources familiar with the matter told Reuters.
Donald Trump has ordered two U.S. nuclear submarines to be deployed near Russia, citing a need to counter what he called provocative threats from Kremlin official Dmitry Medvedev.
Leaders of Türkiye, Italy and Libya met in Istanbul on Friday, pledging deeper cooperation on energy, migration and regional stability.
U.S. Secretary of State Marco Rubio has dismissed recent Western recognition of Palestine, saying a Palestinian state cannot exist without Israel’s agreement.
Cambodia will nominate U.S. President Donald Trump for the Nobel Peace Prize following his role in ending a deadly five-day armed conflict with Thailand.
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