The supply chain for drugs poisoning America has become highly concentrated and vulnerable, depending on illegal activities in Communist China and Mexico.
China has strengthened trade with Latin America at the expense of the U.S. But Donald Trump, who threatens to raise tariffs on Mexico, could upend those ties.
Trump has announced plans for tariffs on China, Canada and Mexico since taking office, but many other countries worldwide are also bracing for similar measures. It was Trump's latest trade threat against China, the world's second-largest economy after the US, and Washington's biggest geopolitical rival, according to Al Jazeera TV channel.
Mexico City's Chinatown, locally known as Barrio Chino, is a cultural hub to enjoy great food, striking art and a taste of Chinese culture.
President Claudia Sheinbaum is detaining more migrants, seizing more fentanyl and positioning her country as a key ally against China. But the U.S. stance has shifted, too.
Many Latin American countries are trying to distance themselves from Beijing. But in response to President Trump’s sweeping deportation plans, Honduras is doing the opposite.
The Trump administration is discussing a 10% punitive duty on Chinese imports. Trump said the EU also has troubling trade surpluses with the United States.
Donald Trump claimed an early victory for a coercive foreign policy based on tariffs and hard power on Sunday after announcing Colombia had backed down in a dispute over migrant repatriation flights.
The BSE Sensex declined 573.81 points or 0.75 per cent to 75,616.65. Nifty stood at 22,919.15, down 173.05 points or 0.75 per cent. Zomato Ltd declined 2 per cent to Rs 211 and was the worst Sensex performer.
American consumers will soon be paying more, economists predict in response to Trump's new proposed tariffs on goods from China, Mexico, and Canada.
Momentum is growing among President Trump’s advisers to place 25% tariffs on Mexico and Canada as soon as Saturday, bucking conventional wisdom in Washington and on Wall Street that he would back off the threatened levies as he has in the past in exchange for concessions.