The United States has extended the existing trade deal with Mexico for 90 days, maintaining tariffs of 25% on fentanyl and cars, and 50% on steel, aluminum, and copper. Mexico has also agreed to immediately eliminate its unspecified non-tariff trade barriers. This extension provides Mexico with additional time to negotiate a comprehensive trade agreement with the U.S., avoiding the 30% tariff Trump had previously threatened to impose by August 1st.
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Mexico’s economy minister Marcelo Ebrard has issued a strong warning to the incoming US administration, stating that Mexico will retaliate with tariffs of its own if the US imposes taxes on Mexican imports. This follows President-elect Donald Trump’s campaign pledge to impose tariffs of up to 25% on Mexican imports if the country fails to address migration and drug trafficking into the US. Ebrard emphasized that such tariffs would be detrimental to the North American economy, reiterating that Mexico has already faced similar threats and demands from the US during Trump’s previous term.
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As a Texas-based truck driver, I have had a front-row seat to the shifting dynamics of trade between Mexico and the US. It’s been an interesting experience to witness firsthand how Mexico has overtaken China as the leading source of goods imported to the US.
In my line of work, I often shuttle trailers between Laredo, Texas, and Mexico’s manufacturing hubs. Over time, I’ve noticed a significant increase in the number of Mexican truck drivers picking up goods in Laredo, destined for their final destinations in the US. This trade activity in Laredo is a clear indication that Mexico’s economy is thriving.… Continue reading
John Q. Hosedrinker