The finance ministers for Mexico and Canada on Sunday said they were optimistic about NAFTA talks with the United States, even as trade tensions spurred by U.S. tariffs dominated the G20 meeting of world economic leaders in Argentina.
The European Union, Mexico and Canada have said they will retaliate against the US if the White House places new tariffs on foreign cars and vehicle parts. The countries delivered the warning on Thursday to a panel examining whether to recommend the taxes on grounds of national security.
Mexican President-elect Andres Manuel Lopez Obrador has given his future interior minister carte blanche to explore the possibility of legalizing drugs in a bid to curb violent crime, she said on Tuesday.
The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico and Turkey following U.S. duties on steel and aluminum. The retaliatory tariffs on up to a combined US$28.5 billion worth of U.S. exports are illegal under WTO rules, U.S. Trade Representative Robert Lighthizer said in a statement.
The Electoral Observation Mission of the Organization of American States (OAS) deployed to Mexico to observe the federal and local elections of Sunday July first presented its preliminary report, in which it congratulated the Mexican people for the success of the largest and most complex electoral process in the country's history and for the massive participation in the election of more than 18,000 posts.
Mexico's stock market sank on Monday and the peso slid after presidential candidate Andres Manuel Lopez Obrador handily won election while his allies picked up a significant number of congressional seats. Mexico's benchmark stock index shed more than 2%, its steepest one-day drop in nearly five months, after Lopez Obrador on Sunday won with the widest margin in a presidential election since the 1980s
Andrés Manuel Lopez Obrador, who rallied voters with his battle cry against corruption and promises to the poor, won a resounding victory Sunday night in Mexico’s presidential election, after the concession of his two top rivals. The victory makes him the first left-oriented president since Mexico began its transition to democracy more than 30 years ago.
Violence hit a record peak in Mexico last year with over 30,000 murders — and it is not slowing down. More than 100 politicians alone have been killed in the lead-up to the country’s election this Sunday.
The candidate Andrés Manuel López Obrador closed his electoral campaign last Wednesday ahead the presidential elections on Sunday filling the largest stadium in the world on a working day. The only leftist candidate steals public attention in Mexico and leads the polls with an anti-system and reforming discourse.
The European Union (EU) has introduced retaliatory tariffs on US goods as a top official launched a fresh attack on President Donald Trump's trade policy. The duties on €2.8bn worth of US goods came into force on Friday. Tariffs have been imposed on products such as bourbon whiskey, motorcycles and orange juice.