Chinese companies looked to Mexico more than most. Their investment in the country has surged. Mr Trump (who has already threatened to apply a tariff of 25% to Mexican imports “on day one” unless it stops migrants and drugs from illegally crossing the border) believes those firms are using Mexico as a tariff-free gateway to the United States.

The three countries under threat of new or increased tariffs by President-elect Donald Trump have not reacted kindly to the bad news.

Business leaders in Mexico say the incoming U.S. administration will enhance the appeal of their factories as an alternative to plants in China.

E-commerce giants Amazon.com and MercadoLibre stand to benefit from new tariffs on low-cost imports into Mexico over Asian retailers like Shein and Temu, according to analysts at Itau BBA. Mexico this month imposed a 19% tax on imports via courier services from countries with which it does not have a free-trade agreement,

President-elect Trump talked tough on tariffs on his way to securing a resounding win for Republicans in November, and now businesses are preparing for a trade war that could eclipse the one that

MEXICO CITY - Mexico's tax authority SAT issued new tariffs on Tuesday, which it said will strengthen the surveillance of goods from Asia, a measure that could impact popular online retailers like Shein and Temu.

China countered U.S. President-elect Donald Trump’s claims about the Panama Canal. Brazilian labor authorities uncovered “slavery-like conditions” at a construction site for Chinese

Mexico’s new tariffs on apparel and courier goods aim to protect domestic industries, tighten trade accountability, and reshape its role in global supply chains while challenging nearshoring strategies.

US wins multibillion-dollar cross-border corn dispute with Mexico; China-based carrier launches new ship for Mexico trade route; Volkswagen moves Golf vehicle manufacturing to Mexico; and Parts Town opens Phoenix area distribution center.

The president-elect would hurt U.S. consumers and businesses, while creating a new opportunity for China. He's likely to alienate some core supporters.

Mexico's tax authority SAT issued new tariffs on Tuesday, which it said will strengthen the surveillance of goods from Asia, a measure that could impact popular online retailers like Shein and Temu.