US President Donald Trump announced a temporary exemption from new 25% tariffs for goods from Mexico covered under the 2020 United States-Mexico-Canada Agreement (USMCA). The Republican leader adopted the measure following a telephone conversation with Mexican President Claudia Sheinbaum. The exemption, effective until at least April 2, reverses tariffs imposed earlier this week, aimed at addressing fentanyl trafficking and trade imbalances.
Add your comment!The United States implemented tariffs on imports from Mexico, Canada, and China, triggering responses from these nations and causing a market meltdown. The tariffs include a 25% levy on imports from Mexico and Canada and an increase from 10% to 20% on goods from China. The move seeking to address fentanyl trafficking and border security has failed to meet expectations.
Add your comment!Right after US President Donald Trump upped his country's standards regarding border controls, two Argentine couples came forward this week to explain that they had been deported from Mexico after trying to spend some leisure time on the country's Caribbean beach. They also underlined they were subject to grossly harsh treatment despite having their travel papers in order.
US President Doland Trump agreed Monday to put on hold for at least a month his decision to impose 25% tariffs on Mexican products after a conversation with his colleague Claudia Sheinbaum, during which new conditions were agreed upon.
Mexican President Claudia Sheinbaum admitted Tuesday that she would not be attending the Community of Latin American and Caribbean States (Celac) emergency Jan. 30 summit called for by Honduras' Xiomara Castro to discuss the ongoing mass deportations by the United States' newly-inaugurated Republican administration that has been fiddling with the idea of imposing 25% tariffs on Mexico and Canada.
President Luiz Inácio Lula da Silva will be sending Brazil's Ambassador in Caracas to Nicolás Maduro's Jan. 10 inauguration of another six-year term in office. Once regarded as close allies and friends, Maduro and Lula do not see eye to eye after the controversial July 28 elections where the Chavista leader was declared the winner despite fraud allegations by Edmundo González Urrutia's Unitarian Democratic Platform (PUD).
Authorities in Bogotá and Mexico City admitted this week that their governments will be represented in Caracas on Jan. 10 when President Nicolás Maduro takes his oath of office for a new six-year term (2025-2031)for which he was chosen in the controversial July 28 elections which the opposition also claims to have won.
Mexican carrier Volaris' flight 3041 from León's Del Bajio Guanajuato Int'l to General Abelardo L. Rodriguez Int'l in Tijuana escaped a hijack attempt Sunday morning when the crew adopted the protocols in force and the sole perpetrator, identified as Mario N, ended up in custody.
Mexican President Claudia Sheinbaum Friday expressed her disappointment after the credit rating agency Moody's lowered her country's grading from stable to negative citing an alleged institutional weakening. The newly elected head of state insisted more arguments or evidence were needed to back up that claim and denounced that there was a bias against Mexico. On Thursday, Moody's changed Mexico's credit outlook from stable to negative, due to a recent reform to the Judiciary.
The 62-year-old Claudia Sheinbaum became Mexico's first-ever woman president Tuesday after being sworn in on Tuesday. The former Mexico City Mayor thus succeeds her leftwing MoReNa (Movimiento de Regeneración Nacional) mentor Andrés Manuel López Obrador, who has announced he would be retiring from politics.