Government, Business

Democrats See USMCA Deal Near, Urge Mexico to Accept Compromise

Mexico’s top trade negotiator, Jesus Seade Mexico’s top trade negotiator, Jesus Seade by David Kawai/Bloomberg News

House Democrats said Dec. 4 that a deal on the stalled U.S.-Mexico-Canada free-trade agreement is within reach and urged Mexico to accept a compromise on labor-rights enforcement.

Erik Wasson and Eric Martin | Bloomberg News
December 4, 2019
Government, Business

Mexico Unveils $44 Billion Infrastructure Plan to Boost GDP

Mexico President Lopez Obrador President Lopez Obrador, seen in December of 2018. (Alejandro Cegarra/Bloomberg News)

Mexico President Andres Manuel Lopez Obrador announced an infrastructure plan worth 859 billion pesos ($44 billion) that includes highways, railways, ports and airports as well as investments in telecommunications, with most of the capital coming from the private sector.

November 26, 2019
Government, Business, Technology, Fuel

Hacker Seeks About $5 Million Ransom From Pemex by Nov. 30

Tanker trucks at storage and dispatch terminal of Petroleos Mexicanos Tanker trucks wait at the storage and dispatch terminal of Petroleos Mexicanos. (Felix Marquez/Associated Press)

The hacker behind a cyberattack that has crippled Petroleos Mexicanos’ computer systems since the weekend is hoping to squeeze about $5 million out of the company and appears to have set a deadline of Nov. 30.

November 13, 2019
Government, Business, Fuel

Pemex Reduces Fuel Imports After Theft Crackdown

Pemex fuel pump Susana Gonzalez/Bloomberg via Getty Images

Petroleos Mexicanos imported less gasoline and diesel in the second quarter as its refineries produced more fuel and the government cracked down on fuel theft.

Amy Stillman | Bloomberg News
October 23, 2019
Government, Business, Fuel, Logistics

US Exporters Rely on Trucks to Meet Mexico’s Fuel Demand

Tank truck A tank truck carrying gasoline. (Christina Mendenhall/Bloomberg News)

U.S. exporters are increasingly relying on trucks to get fuel into Mexico as the country’s gasoline production sags and infrastructure constraints limit shipments from one coast to the other.

September 17, 2019
Government, Business

Mexico’s Senate Ratifies USMCA Amid Trump Tariff Cease-Fire

Mexico President Andres Manuel Lopez Obrador Mexican President Andres Manuel Lopez Obrador speaks during a rally in Tijuana, Mexico, on June 8. Lopez Obrador and U.S. President Donald Trump struck a deal on migration earlier this month. (Associated Press/Eduardo Verdugo)

Mexico’s Senate ratified a North American trade deal with the U.S. and Canada, becoming the first to do so amid a truce reached with President Donald Trump over an unrelated tariff threat.

Nacha Cattan | Bloomberg News
June 19, 2019
Government, Business

Democrats Hold Out on USMCA as Trump Walks Back Mexico Tariffs

Donald Trump President Donald Trump (Win McNamee/Bloomberg News)

President Donald Trump’s decision not to impose tariffs on Mexico removed one obstacle for Congress to approve his North American trade deal, but his administration has more work to do to smooth the final stages of the accord’s ratification.

Anna Edgerton | Bloomberg News
June 10, 2019
Government, Business, Logistics

Trump Says He'll Drop Mexico Tariff as Deal Reached on Migrants

President Donald Trump Trump had planned a 5% tariff on all Mexican imports to the U.S. that the president said could have increased to 25% by October.(Al Drago/Bloomberg News)

President Donald Trump said he would drop plans for tariffs on Mexico that he’d been threatening to impose for the past week after the country promised new steps to stem an influx of illegal migration into the U.S.

June 7, 2019
Government, Business, Logistics

Trump Sees ‘Good Chance’ of Deal With Mexico to Avert Tariffs

President Donald Trump Trump says Mexico will begin paying 5% tarrifs on June 10 if a deal is not reached before then. (Andrew Harrer/Bloomberg News)

President Donald Trump said there’s a “good chance” the United States will reach agreement to avert imposing trade tariffs on Mexico slated to take effect June 10, and that the deal would require the country to buy more U.S. agricultural products.

Josh Wingrove | Bloomberg News
June 7, 2019
Government, Business, Logistics

Mexico Tariff Would Have ‘Significant’ Negative Impact, Ford Says

Jim Hackett Ford President and CEO Jim Hackett (Jeff Kowalsky/Bloomberg News)

Ford Motor Co. would feel a serious impact if tariffs are levied on the cars, engines and transmissions it imports from Mexico, but a top executive at the automaker expressed optimism the trade dispute can be resolved without lingering damage.

Keith Naughton | Bloomberg News
June 6, 2019