logo
Canadian minister hails 'productive' Mexico meeting as US tariffs loom

Canadian minister hails 'productive' Mexico meeting as US tariffs loom

Reutersa day ago
MEXICO CITY/TORONTO, Aug 5 (Reuters) - Top Canadian ministers held a "productive" meeting with Mexican President Claudia Sheinbaum and some of her top officials during a visit to Mexico City on Tuesday, Canada's top diplomat said, as the two nations navigate a volatile tariff environment.
Mexico's economy minister had signaled earlier in the day that talks would cover the two countries' policies in response to a volley of tariff announcements from U.S. President Donald Trump. The three countries have tightly bound economies.
Canadian Foreign Minister Anita Anand said in a post on X that she and Finance Minister François-Philippe Champagne had spoken with Sheinbaum to reaffirm bilateral ties.
Anand also met with her Mexican counterpart Juan Ramon de la Fuente, she said.
"These discussions with the president and members of her government advanced key shared priorities in terms of economic growth, security and trade diversification," she added.
Mexico's Economy Minister Marcelo Ebrard said earlier in the day that he was also set to speak with Champagne about the two countries' experiences in dealing with tariffs imposed on goods shipped to the United States.
"They want to know how Mexico is getting these results," Ebrard told journalists.
Mexico was able to avoid 30% tariffs on its shipments to the U.S. set to come into force last week, securing a 90-day pause to work on a trade deal with the government of U.S. President Donald Trump.
Meanwhile, Trump slapped a 35% duty on many goods coming from Canada, hiking the rate from a 25% fentanyl-related tariff imposed earlier this year.
"We're going to exchange experiences," Ebrard said. "They're paying a 35% tariff, and Mexico isn't."
Mexico is still subject to the previously imposed 25% fentanyl tariffs, though goods sent under the United States-Mexico-Canada (USMCA) trade agreement - which are most of them - are exempt.
Trump has said the U.S. would continue to levy a 50% tariff on Mexican steel, aluminum and copper and a 25% tariff on Mexican autos and on the non-USMCA-compliant goods.
Mexican President Claudia Sheinbaum met with the Canadian finance minister, Francois-Philippe Champagne, as well as Foreign Minister Anita Anand, earlier in the day at Mexico's national palace.
"We're strengthening the relationship between our countries," she said in a post on X.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Indian shares set for muted open after Trump doubles tariff
Indian shares set for muted open after Trump doubles tariff

Reuters

time4 minutes ago

  • Reuters

Indian shares set for muted open after Trump doubles tariff

MUMBAI, Aug 7 (Reuters) - Indian shares are poised for a muted start on Thursday after the United States imposed an additional 25% tariff on exports from the South Asian nation, sparking investor concerns over the potential economic fallout from souring relations. Gift Nifty futures were trading at 24,586 points as of 7:05 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will open near Wednesday's close of 24,574.2. The one-month dollar-rupee non-deliverable forwards (NDF) indicate that the Indian currency is set to open largely unchanged from its last close. "Markets can fall 1%-2% in a knee-jerk reaction, but most would expect a resolution to the trade issue," said Dhiraj Relli, chief executive officer of HDFC Securities. If tariffs persist for a year, the impact on India's GDP growth will be around 30-40 basis points, he said. Before the additional tariffs were announced on Wednesday, the Reserve Bank of India (RBI) retained its GDP growth forecast for the year at 6.5%, downplaying tariff-related uncertainties. The doubling of tariffs to 50% - among the highest imposed on any U.S. trading partner - coupled with worsening bilateral ties could shake markets out of their complacency, Nilesh Shah, CEO of Kotak Mahindra Asset Management Company, said. "Some correction" is inevitable if the tariffs hold, he added. Foreign investors have offloaded Indian shares worth $900 million so far in August, following $2 billion in outflows in July as weak earnings growth and tariff-related uncertainties weighed. "I would be very reluctant to buy into India or have a company that has supplies coming out of India. It would make me very cautious," said Max Wasserman, founder and senior portfolio manager at U.S.-headquartered Miramar Capital. Wasserman said he does not expect the tariffs to hold for long but the announcement "would definitely give us a pause if we were looking to invest in India because we want to see how the relationship shakes out." India's benchmark equity indexes Nifty 50 and Sensex (.BSESN), opens new tab have gained 4% and 3%, respectively, so far in 2025, underperforming the 15.7% rise in MSCI Emerging Markets index (.MIEF00000PUS), opens new tab. The fresh U.S. tariffs threaten to disrupt India's access to its largest export market, where shipments totalled nearly $87 billion in 2024, dealing a blow to sectors like textiles, footwear, gems and jewellery. Oil companies like Reliance Industries ( opens new tab could also come under pressure as the U.S. tries to push India to curb its Russian oil purchases. "If we cave under pressure, we risk losing access to cheaper Russian crude, which could squeeze refining margins. That's a risk for Reliance and oil marketing companies," said Pramod Gubbi, co-founder at Marcellus Investment Managers. Textiles could take a direct hit, although jewellery exports may be in a better position to pass on higher costs to U.S. consumers as India remains a dominant player in diamond cutting and polishing, Gubbi said. IT services and pharmaceutical firms are less impacted for now, he added.

Global News Podcast  Trump orders India tariff hike to 50% for buying Russian oil
Global News Podcast  Trump orders India tariff hike to 50% for buying Russian oil

BBC News

time34 minutes ago

  • BBC News

Global News Podcast Trump orders India tariff hike to 50% for buying Russian oil

US President Donald Trump has issued an executive order hitting India with an additional 25% tariff over its purchases of Russian oil. That raises the total tariff on Indian imports to the US to 50% - among the highest rates imposed by Washington. India has called the taxes unfair, unjustified and unreasonable. Also: Donald Trump says there's a good chance he will meet President Putin of Russia soon to discuss a ceasefire in Ukraine, and Italy gives final approval for world's longest suspension bridge to Sicily. The Global News Podcast brings you the breaking news you need to hear, as it happens. Listen for the latest headlines and current affairs from around the world. Politics, economics, climate, business, technology, health – we cover it all with expert analysis and insight. Get the news that matters, delivered twice a day on weekdays and daily at weekends, plus special bonus episodes reacting to urgent breaking stories. Follow or subscribe now and never miss a moment. Get in touch: globalpodcast@

Inside Sydney Sweeney's secret life as a 'MAGA supporter' as she's revealed as a Republican following American Eagle backlash
Inside Sydney Sweeney's secret life as a 'MAGA supporter' as she's revealed as a Republican following American Eagle backlash

Daily Mail​

timean hour ago

  • Daily Mail​

Inside Sydney Sweeney's secret life as a 'MAGA supporter' as she's revealed as a Republican following American Eagle backlash

Sydney Sweeney has become the unlikely symbol of the war against woke after she was confirmed to be a Republican voter following backlash to her American Eagle campaign. Up until now, the Euphoria star has remained tight-lipped on her voting preferences, but the reveal she votes Republican came as less of a surprise to some eagle-eyed fans. They spotted clues about her political affiliations since 2022 - including mentions of her 'conservative' relatives', her mother's 'make 60 great again' birthday party and handling a gun in an old video at a shooting range - after the jeans campaign became the subject of intense online discourse. After starring in the famously liberal HBO show Euphoria - with its open depictions of sexuality and drug use - Sydney, 27, seemed a surprising MAGA supporter, especially surrounded by her left-leaning co-stars Zendaya and Hunter Schafer. Now, the star has been confirmed to vote Red - even receiving an endorsement from President Trump, who said he 'loves' the actress. Speaking to The Daily Mail, the US leader said: 'Oh, now I love her ad. You'd be surprised at how many people are Republican. That's one I wouldn't have known, but I'm glad you told me that. If Sydney Sweeney is a registered Republican, I think her ad is fantastic.' As noted by several fans, there have long been clues as to Sydney's political background as a Republican. She was even so nervous about her conservative relatives that she nearly didn't take the role that made her famous - as Cassie in Euphoria. Sydney told Stylecaster in 2021: 'What's crazy - and this is going to sound really bad- is when I first got sent the audition, I was too nervous to go do it. 'I grew up in a smaller town with my family, who are a little more conservative, and I was like, 'They're going to kill me if I do something like this.' Sydney grew up in a small, Catholic, Trump-supporting town in Washington with her father, Steven, mother, Lisa, and younger brother Trent and said she had a 'religious' upbringing. Much of the 27-year-old's family has remained in the red state, which voted for Trump by clear margins in each of his runs for president, except her dad, who lives 'off-grid' in Mexico. Despite Sydney's various anti-conservative acting roles, many became suspicious that Sydney might not align with her character's liberal views when internet sleuths found pro-MAGA content on her family's social media. Sydney came under fire when she threw a surprise party for her mum's 60th, where guests were wearing MAGA-style hats and 'Blue Lives Matter' shirts. The starlet shared a carousel of snaps from the bash on Instagram, and fans were quick to point out the political garb worn by some of the attendees. A post by her brother Trent later revealed the hats didn't have the infamous Trump party line, a dog whistle originally uttered by Ronald Reagan, but the slogan 'Make Sixty Great Again'. He wrote at the time: 'Yee haw, happy 60th birthday mom! (The hats say Make Sixty Great Again btw).' The Guardian reported that after the party, that a picture of a baby wearing a MAGA hat outside the White House was found on Trent's Instagram account. Regardless, Sydney was forced to hit back against the backlash, claiming the hats and shirts were worn by her mum's friends at the party as a 'joke'. 'You guys this is wild. An innocent celebration for my moms milestone 60th birthday has turned into an absurd political statement, which was not the intention. Please stop making assumptions. Much love to everyone and Happy Birthday Mom!' she said in a Tweet. Meanwhile, Sweeney was seen in an old shooting range video, which has now been dug up by fans. The clip has now gone viral as it presented how well she can handle a gun; her choice was a Glock, a semi‑automatic pistols designed and manufactured by the Austrian company Glock GmbH. In this old video of Sweeney shooting a gun, it's clear she is comfortable with the assault weapon as she is quick to load, aim and fire, even doing impressive 'double taps.' The siren then beams with pride after being told by other women that she nailed the shots. It was clear this was not the first time she handled a gun and fans were quick to comment on her skills. 'Sydney Sweeney has insane handgun skills,' said one while another added, 'She doesn't just have great jeans; she's also a total pro at the firing range, unloading 17 rounds in just 9 seconds.' Later in 2022, when Sydney spoke to GQ about the accusations that she and her family are republicans, stating there was 'nothing' she could say to 'help the conversation'. 'It's been turning into a wildfire, and nothing I can say will take it back to the correct track,' she said. She spoke about the incident again with Variety in 2023, claiming the controversy caused 'so many misinterpretations'. 'The people in the pictures weren't even my family. The people who brought the things that people were upset about were actually my mom's friends from L.A. who have kids that are walking outside in the Pride parade, and they thought it would be funny to wear because they were coming to Idaho,' she explained. 'People are so fast to build someone up, and then they love tearing them down, and it's so fascinating to see. Three years ago, I was going to college just like everybody else. And all of a sudden, I'm not a human anymore.' Sydney's acting pursuits started when she presented her parents with a five-year business plan outlining how she planned to succeed in the cut-throat industry. 'My mom is a lawyer, and my dad is in the medical field, so school has always been really important. I've always known how to communicate to them through that way,' she told Coveteur in 2019. She and her immediate family uprooted their lives to move to LA when Sydney was 13 to support her dream. Trent tried his hand at acting briefly before enlisting in the military, and he is now part of the United States Air Force. Her parents later divorced in the mid-2010s as her fame was rising before filing for bankruptcy, which Sydney admitted to feeling partially responsible for. 'My parents sacrificed so much to support my dream, and they lost so much during it,' she told Variety in 2023. 'I just felt a responsibility to show them that it was worth it.' She told British GQ in 2022 that since achieving fame, her family 'doesn't understand' her or 'the world (she's) in anymore'. After his split, Sydney's dad moved to Mexico, where he prefers to be disconnected from the world. 'He lives on a ranch in Mexico, and doesn't have internet or cell service,' she shared with Varity. 'I know he's proud of me, and I know he's like, 'Wow, this is a crazy world!'' The isolation made him completely unprepared for the nature of Sydney's role in the hit TV show Euphoria, where she plays the highly-sexualised character, Cassie, who, during the course of the program, was the victim of revenge porn and had an abortion. 'My mum visited me on set quite a few times, so she knew the story,' she said in an interview with NBC's Sunday Today. 'I didn't prepare my dad at all. I mean, how do you bring it up in conversation? And when I talk to my dad, it's usually not about work. It's just, 'Hey, dad'.' Unbeknownst to Sydney at the time, her dad held a viewing party with family and friends for the show's release in support of his daughter, but had no idea about the program's sexual and liberal themes. 'My dad and my grandpa turned it off and walked out,' she said. 'My grandma... she's a fan. She's a big supporter. I bring her all over the world to my different sets and I make her an extra.' The actress even brought her grandmothers to the premiere of her movie Immaculate in which she plays a Catholic nun. Sydney 's political party affiliation has now been revealed as she continues to be embroiled in backlash from her recent American Eagle denim campaign. She is a member of the Republican Party of Florida, according to public voter records viewed by Daily Mail. She registered in Monroe County, Florida in June 2024. Daily Mail has reached out to Sydney's rep for comment but did not immediately hear back. Buzzfeed was first to report the news not long after one social media user on X uploaded a now-viral post on Friday. They wrote, 'was about to make a whole youtube video exploring sydney sweeney's choices not defending her but going through her career context and i just found out this lady is an actual registered member of the republican party as of 2024.' It came after the star modeled items for the clothing brand under the tagline 'Sydney Sweeney Has Great Jeans.' The ad blew up on social media, with some labeling the campaign as 'Nazi propaganda' and others calling the backlash 'ridiculous.' American Eagle has since defended the star in a statement released earlier this week. In one clip for the denim brand, the Anyone But You actress could be seen buttoning a pair of denim blue jeans while saying: 'Genes are passed down from parents to offspring, often determining traits like hair color, personality and even eye color. My genes are blue.' Another clip filmed the star wearing a denim jumpsuit with a plunging neckline on the front as the camera panned down towards her chest. 'My body's composition is determined by my genes,' she said, and then stopped to add, 'Hey, eyes up here.' The camera then jumped back up to her face. The ad also triggered the discovery that Sydney votes Red, as fans offered differing viewpoints on the actress's political party registration by jumping to X, with one penning, 'are we really surprised? lol.' 'I would like to say im im not,' another typed, and one added, 'Her playing a character who supports women's rights while being registered Republican in Florida is something!' An X user shared, 'oh so she's part of the maga family, that's disappointing,' while others came to her defense. 'Its okay for people to have different views than you,' one commented, while a fan also said, 'Y'all need to stop harassing her. She's a human being and is allowed to vote for whoever she wants. There's a thing called free will people.' Another added, 'If every celeb's voter registration became public, we'd probably cancel 80% of Hollywood,' and one wrote, 'Why is this anyone's business? She's an actress, not your elected official.' Sydney's American Eagle campaign has been hugely divisive online, with one critic writing: 'So Sydney (& American Eagle) somehow expect audiences to not interpret this visual as a euphemism for eugenics and white supremacy?' Another said, 'The Sydney Sweeney American Eagle ad campaign is just modern day Nazi propaganda. Like it's wild how blatant it is. Things are weird right now, man.' The words 'great genes' have been 'historically used to celebrate whiteness, thinness and attractiveness,' per a Salon report. The outlet added that using the phrase also made the ads 'seem to be a tone-deaf marketing move.' Earlier this week on Friday, Sydney was defended by American Eagle as the company released a statement amid the backlash. ''Sydney Sweeney Has Great Jeans' is and always was about the jeans,' the brand wrote. 'Her jeans. her story. 'We'll continue to celebrate how everyone wears their AE jeans with confidence, their way. Great jeans look good on everyone.' Buzzfeed was first to report the news not long after one social media user on X uploaded a now-viral post on Friday The Euphoria actress also broke her silence on Saturday by making a return to social media with a cryptic post. She uploaded a photo of a bouquet of pink roses and added a white heart emoji over the image. Insiders have also revealed the impact that the ad starring Sydney has had on the brand - and have claimed that 70% of the reaction to the campaign has been positive. 'This is yet another example of how social media is just not reflective of real life. The absurd response from some corners of the internet is absolutely not reflective of how American Eagle's customers feel,' sources told TMZ. 'The bottom line is that this was about creating a great pair of jeans and supporting a very worthy cause through some of the proceeds going to domestic violence prevention.' They continued, 'Anything beyond that is noise that is not registering with the average person. 'Regardless of how people feel about the ad, we hope they can agree we should be doing more to support and empower those who are experiencing domestic violence.' Late last month on July 23, Sydney opened up about her involvement in the denim campaign in a news release. Earlier this week on Friday, Sydney was defended by American Eagle as the company released a statement amid the backlash 'There is something so effortless about American Eagle,' she expressed. 'It's the perfect balance of being put-together but still feeling like yourself. 'Their commitment to creating pieces that make you feel confident and comfortable in your own skin is something that resonates with me.' The star added, 'It's rare to find a brand that grows with you, the way American Eagle has for generations. They have literally been there with me through every version of myself.' The president of the company Jennifer Foyle also said of campaign, which is set to raise money for domestic violence charities: 'This fall season, American Eagle is celebrating what makes our brand iconic – trendsetting denim that leads, never follows. 'Innovative fits and endless versatility reflect how our community wears their denim: mixed, matched, layered and lived in.' Jennifer continued, 'With Sydney Sweeney front and center, she brings the allure, and we add the flawless wardrobe for the winning combo of ease, attitude and a little mischief.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store