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Mexican Lawsuit Against US Gunmakers Heads to Supreme Court

The US Supreme Court is set to consider whether to block a lawsuit by Mexico against US gun manufacturers, who are accused of putting vast arsenals of weapons in the hands of drug cartels. The Mexican government argues that the "flood" of illegal guns across the border is a result of "deliberate" practices by US firms. The flow of guns from the US to Mexico has emerged as a bargaining chip in trade talks.

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US Supreme Court Weighs Gun Companies' Bid to Avoid Mexico's Lawsuit Δ1.89

The US Supreme Court is considering whether two American gun companies, Smith & Wesson and Interstate Arms, can be held liable for aiding illegal firearms trafficking to drug cartels in Mexico. The court is examining a 2005 federal law that shields gun companies from liability for crimes committed with their products. The lawsuit alleges that the companies' distribution system knowingly sells weapons to straw purchasers who traffic guns to cartels.

Mexico 'Fast-Track' Expulsion of Drug Lords to Us Broke Legal Procedures, Experts Say Δ1.80

The Mexican government's "fast-track" expulsion of 29 suspected cartel members to the U.S. without following established extradition procedures is unprecedented and raises concerns about its impact on human rights and the rule of law in Mexico. The move has sparked fears that some suspects may face the death penalty in the U.S., despite Mexico's legal prohibition against it. Critics argue that the handover undermines Mexico's commitment to upholding the rule of law and protecting its citizens from abuse.

Mexico Extradites 29 Drug Cartel Members to U.S. Amid Trump Tariffs Loom Δ1.80

The extradition of 29 high-ranking Mexican drug cartel members to the United States is a significant development in the ongoing battle against organized crime, highlighting the shared commitment between the two countries to dismantle transnational crime networks. The move comes amid a looming promise by President Donald Trump to impose tariffs on Mexican imports, which has been met with resistance from both Mexico and Canada. As the situation unfolds, questions remain about the long-term impact of these extraditions on the global flow of illicit narcotics.

Mexican Cartel Boss Caro Quintero to Face Us Justice Δ1.76

Rafael Caro Quintero, alleged cartel boss and longtime Mexican prison inmate, is set to appear before US Magistrate Judge Robert Levy in Brooklyn federal court on Friday on trafficking charges, marking a significant development in the ongoing war on narcotics. The extradition of 29 suspected cartel members, including Caro Quintero, from Mexico comes amid heightened tensions between the two nations over fentanyl and migrant issues, with US President Donald Trump threatening to impose tariffs on Mexican goods if progress is not made. This move brings attention to the ongoing struggles faced by law enforcement in combating organized crime.

The Impact of Trump's Tariffs on Mexico Industry Is Under Threat Δ1.75

The imposition of tariffs on Mexico by the US government threatens the free-trade system that the three countries have maintained for more than 30 years, sparking concerns among industry experts. The tariffs could disrupt supply chains and lead to price increases, ultimately affecting American consumers. Manufacturers in Mexico are also worried about their ability to adapt to the new trade regulations.

Trump Tariffs Live: US Delays Some Mexico Tariffs as Markets Fear Trade Wars Δ1.74

President Trump has announced a temporary delay on tariffs for Mexican goods compliant with the United States-Mexico-Canada Agreement (USMCA), amidst rising fears of a trade war that could hinder global economic growth. The decision comes as investors express concern over increasing corporate bond premiums and a potential slowdown in borrowing costs due to heightened market volatility. Meanwhile, trade tensions continue to escalate, with Canada and Mexico considering their responses to U.S. tariff policies that threaten their economies.

Mexican Diplomacy Thwarts US Tariffs Threat Δ1.74

The Mexican government's cautious approach to dealing with the Trump administration has so far paid off, with President Claudia Sheinbaum successfully staving off a major trade escalation. By refusing to accept responsibility for issues like fentanyl trafficking and undocumented immigration, Sheinbaum has been able to negotiate favorable deals, including a recent exemption from 25% tariffs on Mexican goods. Her diplomatic efforts have also involved calling out the US administration's demands, such as designating six Mexican cartels as "foreign terrorist organisations", which has strengthened her hand in negotiations.

US Tariffs on Mexico: Diplomatic Tensions Emerge Δ1.73

Mexico will wait and see if U.S. President Donald Trump goes through with his threat to slap tariffs on its southern neighbor, but the nation has back-up plans in case the tariffs go into place. The Mexican government has been engaging in diplomatic efforts to stave off the tariffs, meeting with their U.S. counterparts in Washington last week to tackle trade and security policy. President Claudia Sheinbaum described these meetings as "cordial" and said that coordination with the U.S. had been very good so far.

U.s. Imposes Tariffs on Canada and Mexico Amid Fentanyl Concerns Δ1.73

Canada and Mexico on Friday sought to show U.S. President Donald Trump's administration evidence of progress in curbing the flow of fentanyl opioids into the U.S. ahead of a March 4 deadline for punishing 25% tariffs on their goods imports. Canadian and Mexican officials were expected to meet separately with Commerce Secretary Howard Lutnick, U.S. Trade Representative Jamieson Greer and other senior Trump administration officials to try to forestall the tariffs. The deadline for imposing the duties on more than $900 billion worth of annual imports from Canada and Mexico was reaffirmed by Trump on Thursday.

Fentanyl Smuggling From China and Mexico Hits the US Hard Δ1.73

The US government has imposed tariffs on Mexico and Canada, blaming them for fentanyl smuggling into the country. Fentanyl is a synthetic opioid that has become a major contributor to overdose deaths in the US. The majority of fentanyl entering the US comes from Mexico, with most seizures occurring at the southwest border.

Mexico Peso Sinks on Tariff War, Bucking Gains in Emerging Peers Δ1.73

The Mexican peso plummeted after US President Donald Trump imposed import tariffs against the country, despite currencies from other developing nations holding steady due to speculation that the escalating trade war would lead to interest-rate cuts and dampen growth in the world's largest economy. The peso fell as much as 1.5% against the US dollar following Mexico's President Claudia Sheinbaum's announcement of retaliatory measures against the US on Sunday. The currency later pared its losses, with analysts expecting a range of 21.00-22.00 for the USDMXN.

US Tariffs Drag Mexico's Peso, Stocks Lower Δ1.73

Mexico's peso has experienced a significant decline, falling for the fourth consecutive session and reaching a value of 21 per dollar for the first time in a month, following the imposition of 25% tariffs on imports from Mexico by the United States. This decline has also negatively impacted Mexico's stock market, with the benchmark index dropping to its lowest point in five weeks, despite a year-to-date increase of over 3%. Analysts suggest that while the immediate effects of the tariffs have been pronounced, there remains a degree of optimism that they will be temporary, which could mitigate longer-term economic repercussions.

Trump Imposes Tariffs on Mexico, Canada, and China Δ1.73

The US has imposed a 25 percent tariff on goods imported from Mexico and Canada, while China faces an additional 10 percent tariff on top of the 10 percent tax previously enacted. This move is expected to raise prices of various products in the US, including food, clothing, fuel, lithium batteries, and more. The tariffs are part of a broader trade strategy aimed at "holding China, Mexico, and Canada accountable" for their promises to halt the flow of poisonous drugs into the US.

Caro Quintero Pleads Not Guilty to Us Drug Charges Δ1.73

Rafael Caro Quintero, an alleged cartel boss who spent decades in prison in Mexico for the murder of a U.S. drug enforcement agent, pleaded not guilty in a U.S. court on Friday to drug trafficking charges that could result in his execution. The plea comes as part of Mexican authorities' efforts to extradite high-profile suspects to the United States, amid tensions between the two countries over immigration and narcotics trafficking. Caro Quintero's Guadalajara Cartel was once one of Latin America's most powerful drug groups.

Mexico Won't Have to Pay Tariffs on USMCA Goods Until April 2, Trump Says Δ1.73

U.S. President Donald Trump's announcement has lifted the threat of trade tensions between Mexico and the U.S. for now, as a temporary reprieve from tariffs allows for negotiations with Mexican officials. The agreement, which had been set to take effect last month, will give both countries more time to finalize their positions on key issues such as energy subsidies and intellectual property protection. By delaying the imposition of tariffs, Trump hopes to increase Mexico's willingness to make concessions.

US Tariffs on Canada and Mexico Will Go Ahead, Says Commerce Chief Δ1.73

The US commerce chief, Howard Lutnick, has confirmed that the president's threat of blanket import taxes on Canada and Mexico will proceed as planned, despite concerns from both countries about the potential economic impact. The tariffs, which are expected to be announced on Tuesday, will likely lead to a significant escalation in trade tensions between the two nations and could have far-reaching consequences for global markets. The exact details of the tariffs will depend on negotiations with Canadian and Mexican officials.

Mexico Could Seek Other Trade Partners After Us Tariffs, President Says Δ1.72

Mexico's government may look for other trade partners if necessary, said President Claudia Sheinbaum on Wednesday after the United States slapped tariffs on its southern neighbor. The president's statement suggests that Mexico is prepared to take a hardline stance against U.S. tariffs, which could lead to significant changes in the country's trade relationships. If the tariffs continue, Mexico plans to retaliate with tariffs of its own, potentially affecting not only the auto sector but also other industries.

Mexico Wins Tariff Reprieve After President's 'Excellent' Trump Call Δ1.72

Mexican President Claudia Sheinbaum has secured a temporary tariff reprieve from the United States, thanks to an "excellent and respectful" phone call with US President Donald Trump. The two leaders agreed that their countries would work together on security and migration issues, with Mexico promising to tackle the arrival of illicit opioids and guns. Trump's announcement allows for tariff-free imports under the USMCA trade deal until April 2.

Trump Says He Will Delay Mexico Tariffs on Goods Under USMCA Δ1.72

President Donald Trump has announced that Mexico will be exempt from new 25% tariffs on goods and services under the USMCA, following discussions with Mexican President Claudia Sheinbaum. This decision comes amid broader tariff considerations, with potential exemptions for Canadian goods still under review, and aims to ease tensions with major trading partners while addressing concerns linked to fentanyl trafficking. Market reactions have been mixed, reflecting uncertainty over the implications of ongoing tariff policies and their potential impact on the US economy.

Trade Tariffs Under Consideration for Canada and Mexico Goods Covered by Existing Trade Deal Δ1.72

The Commerce Secretary hinted that relief from 25% tariffs on Canadian and Mexican imports may be granted for products compliant with the existing trade pact, potentially benefiting automakers and foreign brands with significant US production footprints. The proposed arrangement could include exemptions for companies demonstrating investment plans in US auto production, while also eliminating tariffs on Canadian energy imports. However, details of the potential changes are far from agreed upon, leaving uncertainties about the future of the trade deal.

Us Treasury Secretary Scott Bessent Says Mexico Proposed Matching Us Tariffs on China Δ1.72

Mexico has proposed matching U.S. tariffs on China, which could be seen as a significant move to counter China's growing economic influence in North America. The proposal is likely aimed at addressing the concerns of Trump's administration over unfair trade practices by China. This development may signal a shift in Mexico's stance on China, and its implications for the US-China trade relationship.

Venezuela's Incursion Into Guyanese Waters Raises Tensions Over Sovereignty Δ1.72

Guyanese President Irfaan Ali has accused a Venezuelan coast guard patrol of entering Guyanese waters, approaching an output vessel in an offshore oil block managed by Exxon Mobil. The incident has reignited tensions between the two South American neighbors over which country owns the Esequibo area, which is currently at the International Court of Justice (ICJ). Ali's government has deployed air assets and formally reported the incident to international partners, while Venezuela has denied the allegations and condemned Guyana for "sidestepping" a 1966 treaty.

Mexico President Condemns US Tariffs and Vows Retaliation Δ1.72

Mexican President Claudia Sheinbaum has condemned the 25% tariffs imposed by US President Donald Trump on imports from Mexico, stating that there is no justification for the decision. Her government will respond with tariff and non-tariff measures, affecting the lives of Mexican people and nations. The move is seen as a significant escalation in the ongoing trade tensions between the two countries.

Trump Exempts Some Automakers From Canada, Mexico Tariffs for One Month Δ1.72

President Donald Trump has announced a temporary exemption from a 25% tariff on automakers operating in Canada and Mexico, contingent on compliance with existing trade agreements. This decision aims to alleviate immediate pressure on the automotive industry, which could face severe economic repercussions amid ongoing trade tensions and concerns over fentanyl smuggling. While the exemption provides a short-term reprieve for automakers like Ford and GM, the potential for escalating tariffs continues to loom over the North American trade landscape.

U.S. Commerce Secretary Announces Tariffs on Canada and Mexico Δ1.71

The U.S. government has announced plans to impose tariffs on Canada and Mexico, with the exact levels to be determined by President Donald Trump. These tariffs are part of a broader trade strategy aimed at addressing perceived unfair trade practices by these two countries. The move is expected to have significant implications for bilateral trade relations between the U.S., Canada, and Mexico.