Country: mexico
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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 ...
Final Biden-Xi Meeting Draws Red Lines as Latin America Braces for Trump
The last official meeting between outgoing U.S. President Joe Biden and Chinese President Xi Jinping was officially framed as looking back at the last four years of the relationship. However, Xi also used it to set Beijing’s terms for the upcoming Donald Trump presidency. ...
China’s Xi Urges Closer Ties in Meeting With Mexican President
Chinese President Xi Jinping, on Monday, told his Mexican counterpart Claudia Sheinbaum that the two countries should "enhance exchanges" as they met on the sidelines of the G20 in Rio de Janeiro, state media said. The Chinese leader is in Brazil ...
Buy Now, Pay Later: Latin America Pressured by Chinese Online Shops
By Paulina Abramovich Isidora Olave opens a package containing a T-shirt, a skirt, and a handful of glitter stickers shipped to her front door in Santiago, Chile, all the way from China, almost 20,000 kilometers away.
Mexico Could Be Ground Zero for U.S.-China Tariff Fights
Mexico is reportedly considering imposing retaliatory tariffs against the United States, if the incoming Trump administration follows through on his threat of 25% levies on Mexican imports. Mexico surpassed China as the biggest source of U.S. imports in 2023, partly due to rapid offshoring by Chinese companies.
U.S. Slaps Sanctions on Suspected Drug Cartel Money Launderers in China, Mexico
The U.S. Treasury Department on Monday imposed sanctions against three people in Mexico and China it accused of laundering money for the Sinaloa drug cartel. The sanctions targeted a Mexico-based man named Diego Acosta Ovalle, whom the Treasury accused of "hiding ...