Chinese companies looked to Mexico more than most. Their investment in the country has surged. Mr Trump (who has already threatened to apply a tariff of 25% to Mexican imports “on day one” unless it stops migrants and drugs from illegally crossing the border) believes those firms are using Mexico as a tariff-free gateway to the United States.

The three countries under threat of new or increased tariffs by President-elect Donald Trump have not reacted kindly to the bad news.

Business leaders in Mexico say the incoming U.S. administration will enhance the appeal of their factories as an alternative to plants in China.

MEXICO CITY - Mexico's tax authority SAT issued new tariffs on Tuesday, which it said will strengthen the surveillance of goods from Asia, a measure that could impact popular online retailers like Shein and Temu.

US President-elect Donald Trump set out some of the major policies he wants to implement over the next four years during a press conference held on January 7. While addressing Washington DC's future foreign policy and how he will tackle immigration, Mr Trump said he is planning to rename the Gulf of Mexico.

President-elect Trump talked tough on tariffs on his way to securing a resounding win for Republicans in November, and now businesses are preparing for a trade war that could eclipse the one that Trump kicked off in 2018 during his first term.

China countered U.S. President-elect Donald Trump’s claims about the Panama Canal. Brazilian labor authorities uncovered “slavery-like conditions” at a construction site for Chinese

The president-elect would hurt U.S. consumers and businesses, while creating a new opportunity for China. He's likely to alienate some core supporters.

President-elect Donald J. Trump said Tuesday that he planned to change the name of the Gulf of Mexico to the “Gulf of America,” one of several foreign policy proposals that left world leaders reeling. “It has a beautiful ring,” he said of the proposed name change for the body of water that borders several U.S. and Mexican states.

One of Trump's main promises was to increase tariffs on imported products, which would lead to an increase in what you pay at the supermarket checkout.

Mexico's tax authority SAT issued new tariffs on Tuesday, which it said will strengthen the surveillance of goods from Asia, a measure that could impact popular online retailers like Shein and Temu.