Mexico plans to formally request an exemption from the United States’ doubled steel tariffs, Economy Minister Marcelo Ebrard said, criticizing the move as unjust and economically unsound.
Mexico will seek to be excluded from the United States’ recently increased steel tariffs, Economy Minister Marcelo Ebrard announced, after U.S. President Donald Trump officially raised the levy on imported steel from 25% to 50%.
Speaking to reporters ahead of a public event, Ebrard confirmed that Mexico will file its formal exemption request this Friday. “We will ask on Friday that Mexico be excluded from this measure just like the United Kingdom was,” he said.
Ebrard condemned the tariff hike, calling it "unfair, unsustainable, and inconvenient," especially given the trade balance between the two countries. He emphasized that the U.S. currently runs a trade surplus with Mexico, suggesting that such protectionist measures are typically more appropriate when deficits are at play.
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Russian President Vladimir Putin asked North Korean Foreign Minister Choe Son Hui during talks in the Kremlin on Monday to tell her country's leader Kim Jong Un that everything was "going to plan" in bilateral relations.
Israel said on Monday that the Red Cross had handed over the body of another deceased hostage from Gaza to the Israeli military, according to a statement by the Israeli prime minister's office.
-U.S. President Donald Trump lavished praise on Japan's first female leader Sanae Takaichi in Tokyo on Tuesday, welcoming her pledge to accelerate a military buildup and signing deals on trade and critical minerals.
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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.
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A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Israel said on Monday that the Red Cross had handed over the body of another deceased hostage from Gaza to the Israeli military, according to a statement by the Israeli prime minister's office.
The Southeast Asian bloc ASEAN and China on Tuesday signed an upgrade to their free trade agreement, which is expected to include sections on digital, green economy and other new industries.
-U.S. President Donald Trump lavished praise on Japan's first female leader Sanae Takaichi in Tokyo on Tuesday, welcoming her pledge to accelerate a military buildup and signing deals on trade and critical minerals.
Amazon AMZN.O is reportedly preparing to cut up to 30,000 corporate positions starting Tuesday, as part of a major cost-reduction effort aimed at correcting overhiring during the pandemic, according to three people familiar with the matter.
Russia’s second-largest oil company, Lukoil LKOH.MM, announced on Monday that it plans to sell its international assets following U.S. sanctions imposed last week over Moscow’s ongoing conflict in Ukraine.
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