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Investors have poured nearly $140 billion into US equity funds following Donald Trump's election victory, reflecting a significant market response. In the wake of a tragic incident involving a US insurance executive, companies are reassessing employee security measures. Meanwhile, Opec+ has reduced its 2025 production plans, and Mexico's new president, Claudia Sheinbaum, is pursuing a bold agenda amid challenging US tariffs.
Mexican lawmakers are set to discuss a proposal aimed at providing minimum wage and benefits to app-based workers, including drivers and couriers for companies like Uber and Didi. President Claudia Sheinbaum's bill mandates that these workers receive a salary aligned with the minimum wage and ensures companies register them for social security benefits, including health services and retirement savings. The reform is currently under review by the Lower House’s labor committee and will be debated in Congress soon.
Mexico’s President Claudia Sheinbaum is optimistic about avoiding the 25% tariffs threatened by US President-elect Donald Trump. After a phone conversation with Trump, she expressed confidence in reaching a collaborative agreement to address concerns over migration and drug trafficking, asserting that Mexico will not subordinate itself to the US.
Israel's air force targeted a Hezbollah rocket facility in southern Lebanon amid escalating ceasefire tensions, with both sides accusing each other of violations. Meanwhile, Mexican President Claudia Sheinbaum is pursuing a trade truce with U.S. President-elect Donald Trump, and Canada's Competition Bureau has filed a lawsuit against Google for alleged ad monopoly practices.
President Joe Biden criticized President-elect Donald Trump's plan to impose a 25% tariff on Canada and Mexico, calling it "counterproductive" and urging him to reconsider. Trump announced the tariffs as part of his strategy to combat drug trafficking and illegal immigration, but economists warn that such measures could raise consumer costs. Meanwhile, Mexican President Claudia Sheinbaum clarified that Mexico's stance is not to close borders, while Canadian Prime Minister Justin Trudeau emphasized the importance of maintaining strong trade relations with the U.S.
Mexican President Claudia Sheinbaum warned that proposed U.S. tariffs could lead to significant job losses in the U.S. and retaliatory measures from Mexico. Economy Minister Marcelo Ebrard emphasized the need for regional cooperation, stating that tariffs would harm both economies, particularly the automotive sector, which heavily relies on cross-border trade. Analysts view the tariff threats as a negotiating tactic rather than a firm trade policy.
Mexico's President Claudia Sheinbaum stated that tariffs were not specifically discussed during her call with U.S. President-elect Donald Trump. This comes after Trump threatened a 25% import tax, which could violate a free trade agreement.
The peso strengthened by 1% to 20.40 against the dollar after President-elect Donald Trump reported a productive conversation with Mexico’s president, Claudia Sheinbaum. This improvement came as Mexico agreed to curb migration and drug inflow into the U.S., reversing earlier losses for the currency.
Mexico's economic outlook for 2025 has worsened amid concerns over potential 25% tariffs from US president-elect Donald Trump. Economists are revising growth forecasts downward, anticipating a fourth consecutive year of reduced growth and diminished foreign investment. Such tariffs could jeopardize nearly 11% of Mexico's GDP, according to Bloomberg Economics.
President Claudia Sheinbaum warned of potential retaliation against Donald Trump's proposed 25% tariffs on goods from Mexico, emphasizing that such measures could have dire economic consequences. She advocated for cooperation to address the root causes of migration and illegal drug flow, highlighting the risks to major exporters like General Motors, Stellantis, and Ford. Sheinbaum's stance reflects a desire to maintain a balanced approach amid escalating tensions between the US and China, signaling a preference for collaboration with the US, Mexico's primary trading partner.
Claudia Sheinbaum
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