The China Mail - Canada, Mexico leaders meet amid US tariff war

USD -
AED 3.672499
AFN 64.999685
ALL 81.652501
AMD 376.168126
ANG 1.79008
AOA 916.999698
ARS 1431.790169
AUD 1.42709
AWG 1.8025
AZN 1.701218
BAM 1.654023
BBD 2.008288
BDT 121.941731
BGN 1.67937
BHD 0.375914
BIF 2954.881813
BMD 1
BND 1.269737
BOB 6.889932
BRL 5.217395
BSD 0.997082
BTN 90.316715
BWP 13.200558
BYN 2.864561
BYR 19600
BZD 2.005328
CAD 1.36749
CDF 2200.000154
CHF 0.776259
CLF 0.021803
CLP 860.889893
CNY 6.93895
CNH 6.92969
COP 3699.522179
CRC 494.312656
CUC 1
CUP 26.5
CVE 93.2513
CZK 20.500702
DJF 177.555076
DKK 6.32116
DOP 62.928665
DZD 129.553047
EGP 46.768515
ERN 15
ETB 155.0074
EUR 0.84645
FJD 2.209503
FKP 0.73461
GBP 0.735024
GEL 2.695011
GGP 0.73461
GHS 10.957757
GIP 0.73461
GMD 72.999747
GNF 8752.167111
GTQ 7.647681
GYD 208.609244
HKD 7.813602
HNL 26.338534
HRK 6.376098
HTG 130.618631
HUF 319.803498
IDR 16855.5
ILS 3.110675
IMP 0.73461
INR 90.57645
IQD 1306.186308
IRR 42125.000158
ISK 122.710294
JEP 0.73461
JMD 156.057339
JOD 0.70905
JPY 157.680499
KES 128.622775
KGS 87.450187
KHR 4023.848789
KMF 419.000361
KPW 899.990005
KRW 1463.804285
KWD 0.30721
KYD 0.830902
KZT 493.331642
LAK 21426.698803
LBP 89293.839063
LKR 308.47816
LRD 187.449786
LSL 16.086092
LTL 2.95274
LVL 0.60489
LYD 6.314009
MAD 9.153622
MDL 17.000296
MGA 4426.402808
MKD 52.129054
MMK 2099.624884
MNT 3567.867665
MOP 8.023933
MRU 39.425769
MUR 46.059684
MVR 15.45001
MWK 1728.952598
MXN 17.254972
MYR 3.947503
MZN 63.750379
NAD 16.086092
NGN 1366.980298
NIO 36.694998
NOK 9.675195
NPR 144.506744
NZD 1.662954
OMR 0.383441
PAB 0.997082
PEN 3.354899
PGK 4.275868
PHP 58.510975
PKR 278.812127
PLN 3.57034
PYG 6588.016407
QAR 3.634319
RON 4.310404
RSD 99.268468
RUB 76.85146
RWF 1455.283522
SAR 3.748738
SBD 8.058149
SCR 13.84955
SDG 601.49594
SEK 9.020445
SGD 1.273029
SHP 0.750259
SLE 24.449691
SLL 20969.499267
SOS 568.818978
SRD 37.818031
STD 20697.981008
STN 20.719692
SVC 8.724259
SYP 11059.574895
SZL 16.08271
THB 31.534994
TJS 9.342721
TMT 3.505
TND 2.891792
TOP 2.40776
TRY 43.6125
TTD 6.752083
TWD 31.589868
TZS 2577.445135
UAH 42.828111
UGX 3547.71872
UYU 38.538627
UZS 12244.069517
VES 377.985125
VND 25950
VUV 119.182831
WST 2.73071
XAF 554.743964
XAG 0.012866
XAU 0.000201
XCD 2.70255
XCG 1.797032
XDR 0.689923
XOF 554.743964
XPF 100.858387
YER 238.382409
ZAR 16.04375
ZMK 9001.193234
ZMW 18.570764
ZWL 321.999592
  • RBGPF

    0.1000

    82.5

    +0.12%

  • SCS

    0.0200

    16.14

    +0.12%

  • NGG

    1.1700

    88.06

    +1.33%

  • RIO

    2.2900

    93.41

    +2.45%

  • CMSC

    -0.0400

    23.51

    -0.17%

  • RELX

    -0.7100

    29.38

    -2.42%

  • GSK

    1.0600

    60.23

    +1.76%

  • CMSD

    0.0600

    23.95

    +0.25%

  • RYCEF

    0.2600

    16.88

    +1.54%

  • VOD

    0.4900

    15.11

    +3.24%

  • BCE

    -0.4900

    25.08

    -1.95%

  • JRI

    0.0900

    12.97

    +0.69%

  • BCC

    1.8700

    91.03

    +2.05%

  • BTI

    0.8400

    62.8

    +1.34%

  • BP

    0.8400

    39.01

    +2.15%

  • AZN

    5.8700

    193.03

    +3.04%

Canada, Mexico leaders meet amid US tariff war
Canada, Mexico leaders meet amid US tariff war / Photo: © POOL/AFP

Canada, Mexico leaders meet amid US tariff war

Mexico's president will host the leader of Canada for trade talks Thursday as they seek to navigate the tariff war launched by Donald Trump despite the existence of a three-way free-trade agreement.

Text size:

Claudia Sheinbaum and Prime Minister Mark Carney of Canada are to meet in Mexico City as Trump pushes to renegotiate the USMCA North American trade pact in place since 2020. It replaced the NAFTA accord signed in the 1990s.

The US president considers the new three- way deal unfavorable to his country, and has lashed out at his neighbors to the north and south over illegal migration and drug trafficking.

Trump has so far spared Mexico much of the threatened punishment, but hit some Canadian goods with 35-percent duties.

Sheinbaum told reporters Thursday that Carney's visit would seek to "strengthen the Mexico-Canada relationship which, in addition to the treaty we already have, is to strengthen trade and economic investments in certain sectors."

The pair will discuss boosting trade via Canadian and Mexican ports instead of roads or trains crossing through the United States.

The leaders will also consider a program of special visas for Mexican workers, as well as cooperation in education, renewable energy, and innovation, Sheinbaum said.

Before the trip, Carney said the two countries maintain "a strong relationship, built on more than three decades of free trade."

He added that "in the face of a shifting global landscape, we are focused on elevating our partnerships in trade, commerce, security, and energy.

"Together, we will build stronger supply chains, create new opportunities for workers, and deliver greater prosperity and certainty for both Canadians and Mexicans."

A review of the USMCA is scheduled for next year.

US tariffs are badly hurting Canada's crucial auto, steel and aluminum sectors, leading to job losses.

Canada retaliated with tariffs on billions of dollars of US imports but, in a gesture aimed at facilitating a deal, Carney has since exempted US goods that fall under USMCA.

Sheinbaum has so far managed to stave off a blanket 30-percent US import tariff, although Mexico's automotive, steel and aluminum sectors -- like those of other countries -- have been hit with higher levies.

The United States has long been the main destination for exports from both Mexico and Canada.

Bilateral trade between Mexico and Canada last year totaled under $32 billion -- more than 20 times less than the trade each has with the United States.

X.So--ThChM