Tag: Mexico

Tracking Trump’s Tariffs: Rates for China, the E.U. and More

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MapSize by 2024 imports MapSize by 2024 imports MapSize by 2024 imports MapSize by 2024 imports 10% 20% 54% 104% 145% 30% Feb. 1 March 4 April 2 May 12 Canada 2021 ’21 2022 ’22 2023 ’23 2024 ’24 2025 ’25 May 2025 58% Mexico 2021 ’21 2022 ’22 2023 ’23 2024 ’24 2025 ’25 May 2025 48% MapSize by 2024 imports Active Steel 50 Active Aluminum 50 Active Autos and auto parts 25 In process Copper — In process Lumber — In process Semiconductors — In process Pharmaceuticals —…

Weather tracker: Mexico’s Pacific coast hit by tropical storm and hurricane

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While the western Atlantic has experienced a quiet start to the hurricane season, the eastern Pacific has recently become fairly active, producing a tropical storm and a category 4 hurricane within a few days. The first and weaker of these systems, Tropical Storm Dalila, developed into a tropical storm late last week. Although this storm stayed off the coast of Mexico and was relatively weak to other storms that have developed in this region, Dalila brought flooding and mudslides to the resort town of Acapulco, in western Mexico. On Tuesday,…

Which Trump tariffs are active, which are paused and what’s next?

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Over the last few months, Donald Trump has introduced a confusing and evolving slate of tariffs against specific countries and industries that the president has deemed as threats to US industry. Many of his harshest tariffs have been paused, and some exemptions have been made, but a handful of tariffs are still in place. Trump has continued to threaten more of them, though the future of the president’s trade war remains unclear. Here’s what we know so far about the status of US tariffs on imported goods. Active Most of…

New daily weight-loss pill shows success at clinical trial

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A significant trial of a daily weight-loss pill has found that it helped people to shed the pounds and reduce their blood sugar levels, making it a contender to join the new wave of drugs that combat obesity and diabetes. People who took a 36mg pill of orforglipron lost an average of 7.3kg (16lbs) over nine months, according to results from a phase 3 clinical trial reported by the drug’s manufacturer, Eli Lilly, on Thursday. The trial, which enrolled 559 obese people with type 2 diabetes from the US, China,…

Global defence budget jumps to record high of $2440bn

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Global military expenditure has reached a record high of $2440bn (£1970bn) after the largest annual rise in government spending on arms in over a decade, according to a report. The 6.8% increase between 2022 and 2023 was the steepest since 2009, pushing spending to the highest recorded by the Stockholm International Peace Research Institute (Sipri) in its 60-year history. For the first time, analysts at the thinktank recorded a rise in military outlay in all five geographical regions: Africa, Europe, the Middle East, Asia and Oceania and the Americas. Nan…

How China Broke One Man’s Dreams

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The Daily is made by Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh Young, Lisa Chow, Eric Krupke, Marc Georges, Luke Vander Ploeg, M.J. Davis Lin, Dan Powell, Sydney Harper, Mike Benoist, Liz O. Baylen, Asthaa Chaturvedi, Rachelle Bonja, Diana Nguyen, Marion Lozano, Corey Schreppel, Rob Szypko, Elisheba Ittoop, Mooj Zadie, Patricia Willens, Rowan Niemisto, Jody Becker, Rikki Novetsky, John Ketchum, Nina Feldman, Will Reid, Carlos Prieto, Ben Calhoun, Susan Lee, Lexie Diao, Mary Wilson, Alex Stern,…

United States Spurns China for Mexico and Other Allies, Trade Data Shows

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In the depths of the pandemic, as global supply chains buckled and the cost of shipping a container to China soared nearly twentyfold, Marco Villarreal spied an opportunity. In 2021, Mr. Villarreal resigned as Caterpillar’s director general in Mexico and began nurturing ties with companies looking to shift manufacturing from China to Mexico. He found a client in Hisun, a Chinese producer of all-terrain vehicles, which hired Mr. Villarreal to establish a $152 million manufacturing site in Saltillo, an industrial hub in northern Mexico. Mr. Villarreal said foreign companies, particularly…

World economy on brink of ‘cold war two’, IMF official warns

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The world economy is on the brink of a second cold war that could “annihilate” progress made since the collapse of the Soviet Union, a senior International Monetary Fund official has warned. Gita Gopinath, the IMF’s first deputy managing director, said the accelerating fragmentation of the world economy into regional power blocs – centred around the US and China – risked wiping out trillions of dollars in global output. “If we descend into cold war two, knowing the costs, we may not see mutually assured economic destruction. But we could…

Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars

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In Darbhanga, a new acid-battery rickshaw, like the one Mr. Rai drives, sells for around 175,000 rupees, or $2,100. That’s half the price of a new rickshaw powered by natural gas. Charging the battery costs 20 rupees (25 cents), one-fourth of the price of filling a gas tank. The rebates seem to be working. Reliance Industries, India’s biggest company, is converting its three-wheeled cargo vehicles from gas to electric. Food delivery services are going electric as quickly as possible. Chetan Maini, whose company Sun Mobility builds charging infrastructure, said business…

U.S. Moves to Crack Down on Money Behind Fentanyl Trade

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The Biden administration said on Monday that it was creating a “counter-fentanyl strike force” within the Treasury Department to combat trafficking of the drug into the United States by more aggressively scrutinizing the finances of suspected narcotics dealers. The Treasury’s office of terrorism and financial intelligence and the criminal investigation unit of the Internal Revenue Service will lead the new team. It will attempt to find and disrupt money laundering associated with fentanyl trafficking and to more effectively crack down on sanctions violations. Officials from Treasury’s Financial Crimes Enforcement Network…