Trump Threatens Tariffs; Congress Moves on Asian Tariffs

Donald Trump renewed threats against Mexico, warning he will impose a 5% tariff if the country fails to comply with the 1944 Water Treaty. In addition, the Chamber of Deputies approves a plan to impose tariffs on Asian imports, striving for domestic competitiveness while facing US pressure.

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Trump Threatens Mexico With 5% Tariff Over Water Commitments

Donald Trump has again warned Mexico that he will impose a 5% tariff if the country fails to meet its obligations under the 1944 Water Treaty, arguing that lacking deliveries are hurting agribusiness in Texas. This is not the first time Trump issues such threats. In April, he accused Mexico of withholding 1.3 million acre-feet of water owed to Texas under the treaty. 

Mexico Targets Asian Goods With New Tariff Policy

The Chamber of Deputies has approved President Claudia Sheinbaum’s plan to impose tariffs on imports from countries without a free trade agreement with Mexico, mainly in Asia, after incorporating a series of modifications. 

First Meeting Between Sheinbaum, Trump Highlights Cooperation

President Claudia Sheinbaum held her first in-person meeting with US President Donald Trump on Dec. 5 in Washington, followed by a meeting with Canadian Prime Minister Mark Carney. “We had an excellent meeting,” Sheinbaum wrote on X, noting their discussions on the opportunities arising from the 2026 FIFA World Cup.

US Stakeholders Back Extension for USMCA Amid 2026 Review

More than 500 US business, agricultural, and industrial organizations sent a letter to the US Trade Representative asking that USMCA remains in place as it is a foundation of North American competitiveness. They also stressed that any adjustments during the 2026 review should avoid jeopardizing economic integration with Mexico and Canada.

Mexico, Singapore Celebrate 50 Years With Embassy and Trade Push

Mexico and Singapore officially marked the 50th anniversary of their diplomatic relations this week by announcing the opening of a permanent Singaporean Embassy in Mexico City in 2026. The opening of this diplomatic representation aligns with both countries’ goal of creating certainty amid an unstable and protectionist trade environment.