Economy

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Mexican president hopes to talk with Trump to avoid tariffs
Mexican president hopes to talk with Trump to avoid tariffs
by  AFP

Mexican President Claudia Sheinbaum said Thursday that she hoped to talk to her US counterpart Donald Trump as part of efforts to avoid being hit with his threatened tariffs. A high-level Mexican delegation is in Washington in search of an agreement and "we hope that we can talk to President Trump once these meetings take place," Sheinbaum said at her morning news conference.

The risks of Trump tariffs encapsulated in a car key
The risks of Trump tariffs encapsulated in a car key
by  AFP

They unlock vehicles with just the touch of a button, but the manufacturing of electronic car keys is anything but simple, illustrating the potential complexities and costs of US President Donald Trump's threatened tariffs. Trump's promised tariffs threaten to erode these benefits, particularly if a levy is charged multiple times.

Trump tariffs pose challenge for Europe's carmakers
Trump tariffs pose challenge for Europe's carmakers
by  AFP

US tariffs on imported cars will create a major headache for European manufacturers such as Volvo, Volkswagen and Mercedes. Half of the vehicles sold by European manufacturers in the United States are imported, according to Moody's, amounting to 785,000 cars worth $44 billion dollars in 2024.

Trump says China to face added 10% tariff starting in March
Trump says China to face added 10% tariff starting in March
by  AFP

US President Donald Trump said Thursday that he would impose an added 10 percent tariff on Chinese imports while moving ahead with levies on Canada and Mexico next week, citing "unacceptable" fentanyl smuggling. Earlier this month, Trump already imposed a sweeping 10 percent tariff hike on imports from China, prompting Beijing to retaliate.

For Tour de France foreign starts are a money-spinner
For Tour de France foreign starts are a money-spinner
by  AFP

As the Tour de France this week unveiled its fourth foreign start in five years in Barcelona, organisers could point to the financial logic while fending off political criticism from those who believe the world's greatest cycling race should exclusively showcase its home country. For Amaury Sport Organisation (ASO), the company that owns the Tour, the financial logic is clear.