Sep 8, 2025
A Traveler's Guide to 'Chief of War'
For the Apple TV+ series Chief of War, even filming on what’s known as Hawaii’s backlot proved significant.
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A Traveler's Guide to 'Chief of War'
For the Apple TV+ series Chief of War, even filming on what’s known as Hawaii’s backlot proved significant.
Women face 'small-scale war' in Afghan election
Women face 'small-scale war' in Afghan election
[ad_1] More female candidates than ever are set to contest Afghanistan’s upcoming parliamentary election, braving violence and opposition from social conservatives in a campaign seen as a test of the war-torn nation’s democratic institution.
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Russia: New US sanctions a 'declaration of economic war'
Russia: New US sanctions a 'declaration of economic war'
[ad_1] Russian is harshly warning the U.S. against further increasing sanctions, saying the new penalties announced this week “amount to a declaration of economic war.”The State Department announced its intention Wednesda… [ad_2] *Source
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Russia says targeting banks would be 'economic war'
Russia says targeting banks would be 'economic war'
[ad_1] Russia warned the United States on Friday it would regard any U.S. move to curb the activities of its banks as a declaration of economic war which it would retaliate against, stepping up a war of words with Washington over spiralling sanctions.
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The Papers: 'Tax row' and 'cabinet at war' Disagreements in the cabinet over tax policy, defence spending and Brexit make the front pages. Source link
Mexico warns U.S. against 'protectionist war,' peso weakens
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/mexico-warns-u-s-against-protectionist-war-peso-weakens
Mexico warns U.S. against 'protectionist war,' peso weakens
© Reuters. Mexico warns U.S. against ‘protectionist war,’ peso weakens
MEXICO CITY (Reuters) – Mexican officials warned on Thursday that U.S. proposals in ongoing NAFTA negotiations would result in protectionism and higher prices rather than free trade, as concerns about the future of the deal helped drag the peso to four-month lows.
Negotiators from Canada, Mexico and the United States are due to begin a fourth round of talks to renegotiate the North American Free Trade Agreement (NAFTA) in Washington next week.
Senators from President Enrique Pena Nieto’s Institutional Revolutionary Party (PRI) said they would oppose any deal that included proposals such as setting a national quota for U.S.-made auto parts and increasing controls over the trade in fresh produce, people close to the talks said.
“We are deeply worried by what the U.S. has added recently in the free-trade negotiations,” said Senator Marcela Guerra, who heads Mexico’s Senate committee on North American affairs.
U.S. President Donald Trump argues that NAFTA has hollowed out U.S. manufacturing, sending jobs to Mexico and fueling a U.S. goods trade deficit of more than $60 billion with its southern neighbor.
Senator Ricardo Urzua said such proposals would hurt consumers who have enjoyed lower prices under NAFTA.
“Far from trying to favor certain U.S. labor sectors, this would hurt millions of consumers in the United States, Canada and Mexico,” Urzua said.
A lack of substantive progress in three rounds of NAFTA talks since August and concerns about the hardline U.S. positions has added to market jitters in recent days.
The peso currency closed down 1.29 percent at 18.4995 per dollar on Thursday, the lowest since June 5. Also weighing, solid U.S. economic data broadly lifted the dollar as investors bet the Federal Reserve will raise interest rates in December.
Guerra mentioned six so-called red lines for Mexico, including a proposal by U.S. Commerce Secretary Wilbur Ross to incorporate a “sunset clause” that would automatically kill NAFTA unless it was renegotiated every five years.
Mexico’s Economy Minister Ildefonso Guajardo accused Trump of seeking a “protectionist war” that would unravel the treaty that has helped expand annual trade to $1 trillion between the three nations.
In an interview published in the El Economista daily on Thursday, Guajardo, who leads the negotiations for Mexico, said the United States was considering trying to impose restrictions on companies that do business with state-owned entities.
Ending state oil firm Pemex’s 75-year monopoly, Mexico opened up its oil and gas sector to private investment with a 2013-14 reform, attracting investment from around the world.
Some critics believe state-run companies are subsidized, creating an unlevel playing field. However, Guajardo said it would be unacceptable for NAFTA to change the rules for companies doing business with Pemex under the reform.
“Imagine what Exxon and all those who have bet on the reform and have established joint investments are going to think,” Guajardo said in the interview.
Exxon Mobil Corp (N:) plans to operate a network of gas stations in Mexico, a strategy made possible by the energy reform.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More https://worldwide-finance.net/news/commodities-futures-news/mexico-warns-u-s-against-protectionist-war-peso-weakens
Mexico warns U.S. against 'protectionist war,' peso weakens
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/mexico-warns-u-s-against-protectionist-war-peso-weakens
Mexico warns U.S. against 'protectionist war,' peso weakens
© Reuters. Mexico warns U.S. against ‘protectionist war,’ peso weakens
MEXICO CITY (Reuters) – Mexican officials warned on Thursday that U.S. proposals in ongoing NAFTA negotiations would result in protectionism and higher prices rather than free trade, as concerns about the future of the deal helped drag the peso to four-month lows.
Negotiators from Canada, Mexico and the United States are due to begin a fourth round of talks to renegotiate the North American Free Trade Agreement (NAFTA) in Washington next week.
Senators from President Enrique Pena Nieto’s Institutional Revolutionary Party (PRI) said they would oppose any deal that included proposals such as setting a national quota for U.S.-made auto parts and increasing controls over the trade in fresh produce, people close to the talks said.
“We are deeply worried by what the U.S. has added recently in the free-trade negotiations,” said Senator Marcela Guerra, who heads Mexico’s Senate committee on North American affairs.
U.S. President Donald Trump argues that NAFTA has hollowed out U.S. manufacturing, sending jobs to Mexico and fueling a U.S. goods trade deficit of more than $60 billion with its southern neighbor.
Senator Ricardo Urzua said such proposals would hurt consumers who have enjoyed lower prices under NAFTA.
“Far from trying to favor certain U.S. labor sectors, this would hurt millions of consumers in the United States, Canada and Mexico,” Urzua said.
A lack of substantive progress in three rounds of NAFTA talks since August and concerns about the hardline U.S. positions has added to market jitters in recent days.
The peso currency closed down 1.29 percent at 18.4995 per dollar on Thursday, the lowest since June 5. Also weighing, solid U.S. economic data broadly lifted the dollar as investors bet the Federal Reserve will raise interest rates in December.
Guerra mentioned six so-called red lines for Mexico, including a proposal by U.S. Commerce Secretary Wilbur Ross to incorporate a “sunset clause” that would automatically kill NAFTA unless it was renegotiated every five years.
Mexico’s Economy Minister Ildefonso Guajardo accused Trump of seeking a “protectionist war” that would unravel the treaty that has helped expand annual trade to $1 trillion between the three nations.
In an interview published in the El Economista daily on Thursday, Guajardo, who leads the negotiations for Mexico, said the United States was considering trying to impose restrictions on companies that do business with state-owned entities.
Ending state oil firm Pemex’s 75-year monopoly, Mexico opened up its oil and gas sector to private investment with a 2013-14 reform, attracting investment from around the world.
Some critics believe state-run companies are subsidized, creating an unlevel playing field. However, Guajardo said it would be unacceptable for NAFTA to change the rules for companies doing business with Pemex under the reform.
“Imagine what Exxon and all those who have bet on the reform and have established joint investments are going to think,” Guajardo said in the interview.
Exxon Mobil Corp (N:) plans to operate a network of gas stations in Mexico, a strategy made possible by the energy reform.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More https://worldwide-finance.net/news/commodities-futures-news/mexico-warns-u-s-against-protectionist-war-peso-weakens
Mexico warns U.S. against 'protectionist war,' peso weakens
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/mexico-warns-u-s-against-protectionist-war-peso-weakens
Mexico warns U.S. against 'protectionist war,' peso weakens
© Reuters. Mexico warns U.S. against ‘protectionist war,’ peso weakens
MEXICO CITY (Reuters) – Mexican officials warned on Thursday that U.S. proposals in ongoing NAFTA negotiations would result in protectionism and higher prices rather than free trade, as concerns about the future of the deal helped drag the peso to four-month lows.
Negotiators from Canada, Mexico and the United States are due to begin a fourth round of talks to renegotiate the North American Free Trade Agreement (NAFTA) in Washington next week.
Senators from President Enrique Pena Nieto’s Institutional Revolutionary Party (PRI) said they would oppose any deal that included proposals such as setting a national quota for U.S.-made auto parts and increasing controls over the trade in fresh produce, people close to the talks said.
“We are deeply worried by what the U.S. has added recently in the free-trade negotiations,” said Senator Marcela Guerra, who heads Mexico’s Senate committee on North American affairs.
U.S. President Donald Trump argues that NAFTA has hollowed out U.S. manufacturing, sending jobs to Mexico and fueling a U.S. goods trade deficit of more than $60 billion with its southern neighbor.
Senator Ricardo Urzua said such proposals would hurt consumers who have enjoyed lower prices under NAFTA.
“Far from trying to favor certain U.S. labor sectors, this would hurt millions of consumers in the United States, Canada and Mexico,” Urzua said.
A lack of substantive progress in three rounds of NAFTA talks since August and concerns about the hardline U.S. positions has added to market jitters in recent days.
The peso currency closed down 1.29 percent at 18.4995 per dollar on Thursday, the lowest since June 5. Also weighing, solid U.S. economic data broadly lifted the dollar as investors bet the Federal Reserve will raise interest rates in December.
Guerra mentioned six so-called red lines for Mexico, including a proposal by U.S. Commerce Secretary Wilbur Ross to incorporate a “sunset clause” that would automatically kill NAFTA unless it was renegotiated every five years.
Mexico’s Economy Minister Ildefonso Guajardo accused Trump of seeking a “protectionist war” that would unravel the treaty that has helped expand annual trade to $1 trillion between the three nations.
In an interview published in the El Economista daily on Thursday, Guajardo, who leads the negotiations for Mexico, said the United States was considering trying to impose restrictions on companies that do business with state-owned entities.
Ending state oil firm Pemex’s 75-year monopoly, Mexico opened up its oil and gas sector to private investment with a 2013-14 reform, attracting investment from around the world.
Some critics believe state-run companies are subsidized, creating an unlevel playing field. However, Guajardo said it would be unacceptable for NAFTA to change the rules for companies doing business with Pemex under the reform.
“Imagine what Exxon and all those who have bet on the reform and have established joint investments are going to think,” Guajardo said in the interview.
Exxon Mobil Corp (N:) plans to operate a network of gas stations in Mexico, a strategy made possible by the energy reform.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More https://worldwide-finance.net/news/commodities-futures-news/mexico-warns-u-s-against-protectionist-war-peso-weakens