Biden’s new China tariff wall faces leakage via Mexico, Vietnam

May 15, 2024 3:20 PM

Biden’s new China tariff wall faces leakage via Mexico, Vietnam

The Biden administration's new tariffs on Chinese electric vehicles and other strategic sectors aim to protect the future of U.S. manufacturing, but they will likely accelerate a shift of Chinese production to Mexico, Vietnam and elsewhere to avoid them. U.S. officials and trade experts say that without strong efforts to cut off transshipped or lightly processed Chinese goods from Mexico and other countries, China's underpriced excess production will still find its way into U.S. markets. "The ...

US lawmaker Cuellar hit with bribery charges tied to Azerbaijan, Mexican bank

May 4, 2024 2:24 PM

US lawmaker Cuellar hit with bribery charges tied to Azerbaijan, Mexican bank

U.S. Representative Henry Cuellar and his wife were indicted for allegedly accepting close to $600,000 in bribes in two schemes meant to benefit an Azerbaijani state-owned energy company and an unnamed bank based in Mexico, court papers showed. The federal indictment, returned by a grand jury in Texas on Tuesday and unsealed on Friday, said the bribes were laundered through sham consulting contracts into shell companies owned by Imelda Cuellar, the Democratic congressman's wife, from December 2...

Mexico’s foreign minister announces suspension of ties with Ecuador

April 6, 2024 1:11 PM

Mexico’s foreign minister announces suspension of ties with Ecuador

Mexico’s foreign minister on Friday (April 5) announced the immediate suspension of diplomatic relations with Ecuador just after Ecuadorean authorities seized former Vice President Jorge Glas from the Mexican embassy in Quito. Glas, convicted twice for corruption, had been holed up in the embassy in Quito since seeking political asylum in December, a request Mexico granted earlier on Friday. Police forcefully entered Mexico's embassy in Quito before making the arrest, Mexican President An...