Space Industry and Business News
TRADE WARS
Mexico president hopeful of deal this week to avert US tariffs
Mexico president hopeful of deal this week to avert US tariffs
by AFP Staff Writers
Mexico City (AFP) Feb 24, 2025

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."

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.

Related Links
Global Trade News

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TRADE WARS
Trump says trade deal with China 'possible'
Washington (AFP) Feb 20, 2025
US President Donald Trump suggested on Wednesday that a trade deal was "possible" with China - a key target in the US leader's tariffs policy. In 2020, the United States had already agreed to "a great trade deal with China" and a new deal was "possible," Trump told reporters aboard Air Force One. Asked about the comments, Beijing's foreign ministry said Thursday the two countries should handle trade tensions with "mutual respect." One month into his second term in office, Trump has threaten ... read more

TRADE WARS
Ukraine, US agree to terms of minerals, reconstruction deal

Powering Future Electronics with Ultrathin Vanadium Dioxide Films

Indonesian nickel producer to build $1.8 bn plant

China to build longest bridge in Central Asia

TRADE WARS
Satellogic and Telespazio Brasil to provide low-latency satellite imagery for the Brazilian Air Force

Mobix Labs Secures Defense Funding to Advance SATCOM SoC Innovation

ESA and European Commission to establish secure quantum communications network

KP Labs and ESA Unveil PINEBERRY to Enhance AI Security and Transparency in Space Missions

TRADE WARS
TRADE WARS
Galileo ground stations undergo systemwide migration

EUSPA unveils integrated GNSS and secure SATCOM user technology update

GMV to advance the Galileo High Accuracy Service with new data generator

Sierra Space resilient GPS Satellite Program achieves major development milestone

TRADE WARS
Surprise Chinese naval drills caused dozens of Australian flight diversions

Search for doomed MH370 resumes 11 years after disappearance

Trump considering 'alternatives' to Boeing for Air Force One contract

Airman dead, another hurt in shooting at Air Force base in New Mexico

TRADE WARS
Microsoft joins quantum race with breakthrough chip

Smaller but Stronger Relaxor Films Reveal Performance Sweet Spot

Neutrons Reveal Magnetic Spiral Structure in Layered Perovskites for Future Quantum Technologies

New AI Function on the Horizon Thanks to Electrically Programmable Spintronic Device

TRADE WARS
Blue Moon mission drives NanoAvionics SuperSharp thermal imaging innovation

Earth's Inner Core May Be Less Solid Than Previously Believed

Validation technique could help scientists make more accurate forecasts

SFL Missions Inc. Secures CSA Contract for HAWC Satellite Concept Study

TRADE WARS
Fishermen, sailing champions clean up trash-covered Rio island

Iraqi brick workers risk health, life to keep families afloat

France's parliament votes to ban some uses of 'forever chemicals'

First 'green' lawsuits against new Trump admin; Sweden's high court dismisses Thunberg lawsuit

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.