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 French government expressed concern over the violent crackdown on post-election protests in Cameroon, urging authorities to guarantee the safety a...
French prosecutors said on Wednesday (October 29) that two men arrested on suspicion of stealing jewels from the Louvre Museum have “partially admit...
Centrist liberal party D66, led by Rob Jetten, has taken a shock lead in the Dutch election, according to the main exit poll, just two years after the...
U.S. stocks were mixed late Wednesday as traders digested comments from Federal Reserve Chair Jerome Powell, who signaled that another interest rate c...
The non-partisan Congressional Budget Office (CBO) has estimated that the ongoing U.S. federal government shutdown could reduce the economy by between...
The non-partisan Congressional Budget Office (CBO) has estimated that the ongoing U.S. federal government shutdown could reduce the economy by between $7 billion and $14 billion, shaving up to 2 percent off fourth-quarter gross domestic product, the agency said Wednesday.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 29 October, covering the latest developments you need to know.
U.S. President Donald Trump arrived in South Korea on the final stop of his Asia tour, seeking breakthroughs on trade talks with Seoul and Beijing as President Lee Jae Myung rolled out a lavish welcome featuring the nation’s highest honour and a symbolic golden crown.
U.S. President Donald Trump said the U.S.-brokered ceasefire in Gaza remains intact despite Israeli airstrikes that killed dozens, as Israel and Hamas accused each other of violating the fragile truce.
A small, silent object from another star is cutting through the Solar System. It’s real, not a film, and one scientist thinks it might be sending a message.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Hundreds of civilians were reportedly killed by the Rapid Support Forces at the main hospital in el-Fasher, days after the militia captured the Sudanese city, the head of the UN health agency said.
Ukrainian President Volodymyr Zelenskyy said on Wednesday that the most difficult situation on the front line remains the eastern city of Pokrovsk, where fighting continues to be most intense due to a strong concentration of Russian forces.
The International Atomic Energy Agency (IAEA) is conducting inspections in Iran but has not visited the three sites that were bombed by the United States in June, IAEA Director General Rafael Grossi said Wednesday.
Spain held a state funeral on Wednesday to honor the 237 victims of the deadly Valencia floods that struck on October 29, 2024, the most catastrophic flooding in Europe in more than five decades.
The French government expressed concern over the violent crackdown on post-election protests in Cameroon, urging authorities to guarantee the safety and physical integrity of all citizens, the Foreign Ministry said Wednesday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment