Chinese companies looked to Mexico more than most. Their investment in the country has surged. Mr Trump (who has already threatened to apply a tariff of 25% to Mexican imports “on day one” unless it stops migrants and drugs from illegally crossing the border) believes those firms are using Mexico as a tariff-free gateway to the United States.

Victory in the U.S.-China trade war will go to the side that is best at persuading other countries that its version of globalization is the most attractive. The post Trump Has Lost the Plot on the U.S.

E-commerce giants Amazon.com and MercadoLibre stand to benefit from new tariffs on low-cost imports into Mexico over Asian retailers like Shein and Temu, according to analysts at Itau BBA. Mexico this month imposed a 19% tax on imports via courier services from countries with which it does not have a free-trade agreement,

US President-elect Donald Trump set out some of the major policies he wants to implement over the next four years during a press conference held on January 7. While addressing Washington DC's future foreign policy and how he will tackle immigration, Mr Trump said he is planning to rename the Gulf of Mexico.

Business leaders in Mexico say the incoming U.S. administration will enhance the appeal of their factories as an alternative to plants in China.

China countered U.S. President-elect Donald Trump’s claims about the Panama Canal. Brazilian labor authorities uncovered ‘slavery-like conditions’ at a construction site for Chinese

Mexico has recently decided to increase tariffs on apparel imports, a move that is going to fundamentally alter global trade. Earlier in December, President Claudia Sheinbaum announced increases of 15% for textiles and up to 35% for finished apparel products.

Republican U.S. President-elect Donald Trump held a press conference on Tuesday and spoke about a range of issues including NATO, Israeli hostages in Gaza, his wish for the U.S. to buy Greenland and take control of the Panama Canal.

MEXICO CITY - Mexico's tax authority SAT issued new tariffs on Tuesday, which it said will strengthen the surveillance of goods from Asia, a measure that could impact popular online retailers like Shein and Temu.

In Mexico, Chinese cars are being seen as more premium alternatives, with sales rising. Audi and Mercedes Benz sales in Mexico dropped by 21.9 percent and 9.8 percent respectively. Buyers are moving away from luxury sedans and into cheaper options, as well as EVs.

President-elect Donald Trump said Tuesday that he would move to try to rename the Gulf of Mexico to the “Gulf of America,” a name he said has a “beautiful ring to it.”