EconomyLens.com
No Result
View All Result
Tuesday, June 17, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Mexico president hopeful of deal this week to avert US tariffs

David Peterson by David Peterson
February 24, 2025
in Economy
Reading Time: 4 mins read
A A
1
91
SHARES
1.1k
VIEWS
Share on FacebookShare on Twitter

Trucks queue to enter the United States from Mexico. ©AFP

Mexico City (AFP) – Mexico’s president said Monday she was optimistic about reaching an agreement with Donald Trump this week to avoid sweeping US tariffs, hinting at possible levies on Chinese goods to secure a deal. Claudia Sheinbaum said talks with Washington would continue this week in an effort to avoid the 25 percent tariffs that Trump agreed on February 3 to “pause” for a month. Teams from Mexico’s economy and finance ministries are in Washington, and if necessary, Sheinbaum said she would speak with Trump again by phone, adding: “Whatever it takes to reach an agreement.”

Related

Spain says ‘overvoltage’ caused huge April blackout

Trump says EU not offering ‘fair deal’ on trade

UK automakers cheer US trade deal, as steel tariffs left in limbo

Global oil demand to dip in 2030, first drop since Covid: IEA

US retail sales slip more than expected after rush to beat tariffs

Asked about a Bloomberg News report that the United States was pushing her government to impose duties on Chinese imports, Sheinbaum said it was important to “prioritize those places where you have trade agreements versus others where you do not have them.” “We do not have a free trade agreement with China, for example… So that’s part of what is being worked on in this working group,” she added. Both Trump and Canadian officials have accused Mexico of being a gateway for Chinese products coming into North America.

In an apparent bid to ease those concerns, Sheinbaum recently presented a plan to replace Chinese imports with domestically produced goods. She signaled Monday that Mexico was open to an early review of its free trade agreement with the United States and Canada ahead of a 2026 deadline, saying it “can begin now.” “The issue is to reach an agreement that allows us to protect and guarantee that there are no tariffs between our countries,” she said.

Mexico faces mounting pressure from Washington to do more to curb illegal flows of migrants and drugs, particularly fentanyl. Sheinbaum called for a review of how the chemical precursors used to make the deadly opioid arrive in North America. “Do the precursors enter through the United States? We don’t know. Why is it only said that they enter through Mexico and Canada?” she said. According to the US Drug Enforcement Administration, Mexican drug cartels dominate the illicit fentanyl market using precursor chemicals mostly sourced from China-based suppliers.

© 2024 AFP

Tags: Donald TrumpMexicotariffs
Share36Tweet23Share6Pin8Send
Previous Post

EU vows to enforce digital rules despite Trump tariff warning

Next Post

Trump says Canada, Mexico tariffs moving ‘forward’ on schedule

David Peterson

David Peterson

Related Posts

Economy

Why stablecoins are gaining popularity

June 17, 2025
Economy

Bank of Japan holds rates, will slow bond purchase taper

June 17, 2025
Economy

Ecuador pipeline burst stops flow of crude

June 16, 2025
Economy

Yen slides ahead of Bank of Japan policy decision

June 16, 2025
Economy

War, trade and Air India crash cast cloud over Paris Air Show

June 16, 2025
Economy

China factory output slows but consumption offers bright spot

June 16, 2025
Next Post

Trump says Canada, Mexico tariffs moving 'forward' on schedule

Spain's Telefonica sells Argentina subsidiary for $1.2 bn

Bolivia inaugurates steel plant built with Chinese loan

Trump's chip tariff threats raise stakes for Taiwan

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US retail sales slip more than expected after rush to beat tariffs

June 17, 2025

Taiwan tests sea drones as China keeps up military pressure

June 17, 2025

G7 leaders urge Trump to ease off trade war

June 17, 2025

Oil prices rally, stocks slide as traders track Israel-Iran crisis

June 17, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.