The Trump administration imposed new restrictions Saturday on flights from Mexico and threatened to end a longstanding partnership between Delta Air Lines and Aeromexico in response to limits the Mexican government placed on passenger and cargo flights into Mexico City several years ago. Transportation Secretary Sean Duffy said Mexico’s actions to force airlines to move…
Key Points The U.S. and EU have the largest bilateral trade and investment relationship in the world, representing almost 30% of global trade in goods and services. Last year alone, the value of EU-U.S. trade amounted to 1.68 trillion euros ($1.96 trillion). That’s the equivalent of roughly 4.6 billion euros of trade per day. U.S….
MEXICO CITY (AP) — A fierce protest in Mexico City railing against gentrification and mass tourism was fueled by government failures and active promotion to attract digital nomads, according to experts, who said tension had been mounting for years. The criticism comes after Mexican President Claudia Sheinbaum alleged that Friday’s protest was marked by xenophobia,…
Mexico City (AP) — Three Mexican financial institutions sanctioned by the Trump administration last week have felt a cascade of economic consequences following the allegations that they helped launder millions of dollars for drug cartels. It comes after the U.S. Treasury Department announced that it was blocking transactions between American banks and Mexican branches of…
(Reuters) -SpaceX said on Thursday its debris recovery efforts after last week’s Starship explosion have been hindered and it has sought cooperation from Mexico, whose president has raised the possibility of legal action against the company. A massive Starship spacecraft by SpaceX exploded into a dramatic fireball during testing in Texas last week, which Elon…
US President Donald Trump has followed through on his threat to impose sweeping tariffs on Canada, Mexico, and China, marking one of the most significant trade escalations in modern US history. The new measures include a 25% tariff on most imports from Canada and Mexico, as well as a doubling of tariffs on Chinese goods…
MEXICO CITY (AP) — Mexico’s president said Tuesday the country will respond to the 25% tariffs imposed by the United States with retaliatory tariffs on U.S. goods, with details to come. Mexico will announce the targeted products and other measures Sunday at an event in Mexico City’s central plaza, a delay that suggests Mexico hopes…
President-elect Donald Trump walks onto the floor of the New York Stock Exchange (NYSE) with his wife Melania, after being named TIME’s “Person of the Year” for the second time on December 12, 2024 in New York City. Spencer Platt | Getty Images The S&P 500 has now lost all of its post-election gains as…
President Trump’s imposition of blanket 25% tariffs on all goods imported from Canada and Mexico drew swift vows of retaliation from the United States’ immediate neighbors on Tuesday. China, which was hit with a second 10% tariff on U.S. exports since Mr. Trump took office, bringing the total levy to 20%, immediately announced its own…
WASHINGTON (AP) — President Donald Trump said Monday that 25% taxes on imports from Mexico and Canada would start Tuesday, sparking renewed fears of a North American trade war that already showed signs of pushing up inflation and hindering growth. “Tomorrow — tariffs 25% on Canada and 25% on Mexico. And that’ll start,” Trump told…