Quotes
After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement. This Agreement is until April 2nd,
he said in a statement posted to his Truth Social platform
Of course, this took us by surprise and it was not what we hoped for, but the key word here is adaptation,
said Antonio Hernández, director of economic development in the city of Torreón, around 300 miles south of Laredo, Texas
It’s important to explain that this decision is being taken unilaterally by the U.S. government,
Ms. Sheinbaum said of the rally.jpg)
At this point, there are no immediate reactions from exporters,
said Miguel Muñoz, the director for Mexico at Geodis, a global logistics company, who said he had spoken both to customers and to Mexican chambers of commerceThe tariffs will have severe repercussions in the region generating inflation, loss of jobs and lower growth for the three countries,
the Mexican Automotive Industry Association and the National Auto Parts Industry said in joint statement with other associationsMexicans are brave and resilient — the people of Mexico are strong, and our economy is doing well,
she said,What the chambers of commerce are applauding is the way the president has handled this,
he saidWe have our plan, which we’ll announce on Sunday,
she saidIt’s business as usual, honestly — considering it’s going to be delayed a month, what’s to say it’s not going to be delayed six months or more?”
he saidI did this as an accommodation, and out of respect for, President Sheinbaum. Our relationship has been a very good one, and we are working hard, together, on the Border, both in terms of stopping Illegal Aliens from entering the United States and, likewise, stopping Fentanyl. Thank you to President Sheinbaum for your hard work and cooperation!"
Trump said in a post on the social media website Truth Social
Canada has done an enormous amount, they’ve offered us an enormous amount of work on fentanyl and so is Mexico,
he saidWhen the real estate market is booming, people believe that they are very rich. If people believe that they're rich, they tend to spend their income on consumption. But with the decrease in the price of housing in most parts of China, people believe that they're no longer as rich as before, so (...) they want to increase their savings and reduce their consumption."
He-Ling Shi, an associate professor of economics at Monash University in Australia, told The Associated Press
China's economy faces uncertainty as U.S. tariffs hit; S&P Global sees GDP growth slowing to 4.1 percent in 2025 (...) China's stimulus measures should support economic growth, but we expect its economy to be hit by U.S. trade tariffs on its exports."
S&P Global, wrote in JanuaryIf the U.S. dramatically reduces demand for China-produced goods, and cuts off paths for transshipment, it would undeniably have a meaningful impact,
the report statedThe movement of these products has been stopped with the hope that one day, one day soon... there will be an agreement to lift the tariffs on these goods,
Vazquez told Reuters
It's extremely concerning... I think our city, as well as the country, should look towards more market diversification,
he saidRetaliation here isn’t just about tit-for-tat tariffs. It’s about defending the country’s independence,
Nadjibulla said
How do you negotiate a stable agreement when one party is consistently changing the rules or imposing new tariffs without warning?”
Nadjibulla askedIn Canada’s case, Trudeau noted that Trump’s actions are aimed at crippling the Canadian economy to pave the way for an eventual annexation, which goes beyond a mere trade war,
Nadjibulla said, referring to Trump’s repeated threats to absorb CanadaEven if some tariffs get lifted or eased, the bigger issue is that Canada and others now view the US as a less reliable trade partner,
she added