Country: mexico
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Chinese Export Surge is Destroying Millions of Jobs Across the Global South
From Mexico to Malaysia, countries across the Global South are finding it increasingly difficult to compete with a massive surge of Chinese exports that are undercutting local producers and prompting mass lay-offs. Indonesia's textile and apparel industry lost a quarter a million ...
Mexico to Review Its Tariffs With China, President Says
Mexican President Claudia Sheinbaum, under U.S. pressure not to allow her country to be a backdoor for Chinese goods, said Thursday that her government would review its tariffs with Beijing. Mexico imports "many products from China" that have hit domestic industries, ...
BYD’s $5.6 Billion Share Sale to Power Worldwide Expansion
The Chinese electric vehicle giant BYD raised $5.6 billion in the largest Hong Kong share sale in four years. The cash injection will boost BYD’s “capacity to further advance its technological capabilities and accelerate its overseas expansion,” according to the filing. ...
Why South America’s Trade With China Could Blunt Trump’s Tariff Edge
A new investigation by Reuters shows that the Trump administration's threat of tariffs is mostly successful with a small number of Latin American countries mainly exporting to the U.S., like Mexico and Colombia. In contrast, most South American exports to the ...
Trump’s Tariffs on China, Canada, and Mexico Spark Swift Retaliation, Fueling Trade War Fears
Trump's tariffs, U.S. trade war, China retaliation, Canada and Mexico tariffs dominate the headlines as United States President Donald Trump announces sweeping tariffs on China, Mexico, and Canada, setting the stage for what could become a global trade war. The ...
Mexico Seeks to Cut Chinese Imports Amid Concerns Over Trump’s Tariffs, Says Economy Minister
Mexico appears to be ramping up its efforts to significantly reduce imports from China in a bid to stave off any retaliation from the incoming Trump administration in Washington. Less than a week after President Claudia Sheinbaum unveiled a plan to curb ...
Q&A: ‘Tariffs Could Kill Chinese Investments in EVs in Mexico’
By Alejandra Cuéllar Since his election victory in November, United States president-elect Donald Trump has repeatedly vowed to slap tariffs on the country’s top trade partners, pledging to make this one of his first acts upon taking office on 20 January.
WEEK IN REVIEW: TikTok Will Set Up an E-commerce Operation in Mexico
Outgoing U.S. National Security Adviser Jake Sullivan arrived in New Delhi on Monday for two days of talks with senior officials, including his Indian counterpart Ajit Doval. The White House indicated on Friday that Sullivan plans to discuss India's concerns about China's proposed new mega-dam in Tibet.
Move Over Mercedes: Chinese Cars Grab Mexican Market Share
By Yussel Gonzalez The growing popularity of Chinese sport utility vehicles and pickup trucks has shaken up Mexico's luxury car market, hitting sales of traditionally dominant brands such as Mercedes-Benz and BMW. According to industry ...
Mexico Defends Clothing Industry With New Tariffs
Mexico on Thursday announced temporary tariffs on a range of clothing and textile products in an effort to protect its industry and jobs. The measures -- which do not apply to Mexico's free trade partners, including the United States and Canada, ...
Mexico Pivots as Trump Announces Tariffs
U.S. President-elect Donald Trump promised to impose 25% tariffs on all goods imported from Mexico and Canada and an “additional” 10% on Chinese imports as a response to irregular border crossings and drug trafficking. He said the measures would be implemented on “day 1” of his term. ...
Mexico Not a Backdoor for Chinese Products, President Sheinbaum Says
Chinese products are not entering the United States and Canada through Mexico, the president of the Latin American nation said on Friday, and the government will make that clear in upcoming trade meetings. "In the meetings we have with Canada and ...