The Latest Breaking News from Mexico

A Republican lawmaker revealed that developments made in a trade agreement between US President Donald Trump and Canadian Prime Minister Justin Trudeau are not novel developments, but just reiterations of previously added clauses to the agreement.

The threat of tariffs against Mexico sent April lean hog futures falling on Monday.

Mexico, Canada and China account for more than 40 percent of total goods traded with the United States.

"We want them to secure their own territory and sovereignty, but we reserve the right to protect our own sovereignty as well," said the Secretary of Defense

It's unclear if President Trump is just toying around with the threat of tariffs. But it's not fun for large U.S. companies in the S&P 500.

[UPDATE February 4, 2025: Late on the evening of February 3, the Trump administration announced a 30-day pause on tariffs against both Canada and Mexico.

After threatening Canada and Mexico with illegal tariffs, and Canada with annexation, United States President Donald Trump has agreed to hold off on imposing tariffs on Canada for at least 30 days. This decision came after Prime Minister Justin Trudeau spoke with Trump and committed to strengthening border security.

Markets from Japan to New York were sent tumbling Monday after news at the weekend that Trump had signed off 25% duties against Mexico and Canada, fanning concerns for the stuttering global economy.

An eleventh-hour deal achieved President Trump’s political aims, but Wall Street remains concerned that tariffs will become a permanent threat in negotiations.