The European Union and Mexico link arms to fend off the impact of tariffs threatened by incoming U.S. President Donald Trump.
The European Union and Mexico revived a stalled free trade agreement on Friday, days before the return to the White House of Donald Trump, who has threatened both sides with tariffs.
Mexico and the European Union are announcing a revamped agreement that they said would boost trade and investment, amid Trump's tariff threats.
China isn’t the sole target. Trump has proposed 10% tariffs on European and Asian imports and 5% on Mexican goods. The International Emergency Economic Powers Act (IEEPA) could be invoked for swift, sweeping action,
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The European Union has bolstered its trading agreement with Mexico, particularly for food and drink exports, as the bloc prepares for President Trump’s ‘golden era’.
Europe will respond to any tariffs imposed by President Donald Trump in a proportionate way, the European Union’s commissioner for the economy told CNBC Wednesday.
During his last term, Trump set his sights on Mexico over concerns that Chinese automakers would use the country as a back door to sell their vehicles in the U.S. In response, he negotiated a new trade agreement, called the USMCA, that went into effect in July 2020 with updated rules of origin for cars.
Von der Leyen insisted that the United States remains an important partner, taking a conciliatory tone in a speech to the annual meeting of global elites in Davos, Switzerland. The EU's "first priority will be to engage early, discuss common interests, and be ready to negotiate" with Trump, she said.
It was a first-time experience for a New Mexico youth soccer club, as they made their way across the ocean to compete against teams in England during an
LeBron James distances himself from the rumored rival basketball league. Maverick Carter advises while the NBA plans global expansion.
The US president addressed political leaders and business elites gathered at the World Economic Forum in Switzerland. Meanwhile, a judge blocked Trump's order to end birthright citizenship. DW has the latest.