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Riskopeflipped into Risk and Crisis Management in Modern SocietyMexico: Mexico seeks to expand alternative trade partnerships following US tariffs
Mexico is seeking to expand its exports to international markets including Asia to reduce its dependency on the U.S. in the wake of President Donald Trump's shakeup of global trade. In November 2024, when then President-elect Donald Trump was threatening higher tariffs, Mexican companies registered growth in exports to several Asian countries. According to the country's central bank Bank of Mexico (BdeM), exports to many Asian countries, including the Philippines, Singapore and Thailand, saw double-digit growth. Data from the Observatory of Economic Complexity show that Mexican exports to China increased at an annualized rate of 4.97 percent, from 11.8 billion dollars in 2018 to 15 billion dollars in 2023. Efren Calvo, executive president of the Mexican Chamber of Commerce in China (MEXCHAM), said Mexico's pivot away from dependency on its neighbor is now more crucial than ever. At the Center for Chinese-Mexican Studies, Enrique Dussel Peters, coordinator of the Center for Chinese-Mexican Studies, said many companies doing business in Mexico are U.S.-owned, and they are major customers for Chinese manufacturers. Dussel and other trade experts said efforts by Trump to block trade between Mexico and China could backfire, placing an immense amount of pressure on U.S. companies to immediately substitute all manner of Chinese products with ones made in more expensive countries, like the United States. Shotlist: Mexico - Recent: 1. Various of containers, container ships; 2. Various of Efren Calvo, executive president of Mexican Chamber of Commerce in China, in interview; 3. SOUNDBITE (Spanish, dubbed in English) Efren Calvo, executive president, Mexican Chamber of Commerce in China: "We have unnecessarily wed ourselves to the United States. 80 percent of our exports depend on them. We must have diversification. Our first female President, a scientist, understands this. And she is looking for new ways to operate."; 4. Various of avocado processing line in factory; 5. Various of electronics production line; 6. Various of Enrique Dussel Peters, coordinator of Center for Chinese-Mexican Studies, in interview; 7. SOUNDBITE (English) Enrique Dussel Peters, coordinator, Center for Chinese-Mexican Studies (MEXCHAM) (starting with shot 6): "70 percent of Mexican imports are being pursued by transnational corporations, foreign corporations, mainly U.S.-American corporations. So, the main importers of parts and components for telecommunications, electronics, auto parts, …
Tesla warns that Trump's trade war could hurt U.S. automakers
Electric vehicle maker Tesla is warning that the Trump administration's trade policies could be detrimental to U.S.-based EV companies. In an unsigned …
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Canadian Artist Cancels U.S. Show Over Annexation Threats
Is a U.S. cultural boycott brewing? It started out in December as a seeming joke by then president-elect Donald Trump over dinner with Canadian prime …
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Trump's quest to conquer Canada is confusing everyone
Canadians and Republicans alike are confounded as President Donald Trump increasingly links a trade war to his push to annex America's northern neighbor. Eight years ago, President Donald Trump spoke about the U.S.-Canada relationship in glowing terms. He hosted Prime Minister Justin Trudeau at the …
US had productive talks with Putin over Ukraine war, Trump says
US President Donald Trump has praised talks held with Russian President Vladimir Putin on the US-proposed ceasefire deal in Ukraine as "good and productive". This comes after Putin and US envoy Steve Witkoff met in Moscow on Thursday evening, after which the Kremlin said it shared the US's "cautious …
Tesla, in a letter, tells Trump administration it's worried about tariffs
It's unclear if CEO Elon Musk was personally involved in sending the letter. In a letter to the Trump administration this week, electric automaker …
