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.

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 Trump kicked off in 2018 during his first term.

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

Victory in the U.S.-China trade war will go to the side that is best at persuading other countries that its version of globalization is the most attractive. The post Trump Has Lost the Plot on the U.S.

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

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

New U.S. Census Bureau data shows Mexico stayed the U.S.'s top source of imports in 2024, for a record total valued at US $466.62 billion.

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.

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.

Republican U.S. President-elect Donald Trump held a press conference on Tuesday and spoke about a range of issues including NATO, Israeli hostages in Gaza, his wish for the U.S. to buy Greenland and take control of the Panama Canal.

Buoyed by their impressive performance, the companies are busy expanding into new products and places. Contract manufacturers have also been expanding into new industries. In October Foxconn unveiled two new electric-vehicle designs,