Connect with us

Business

One country spared from Trump’s reciprocal tariffs: Mexico—but it’s still fighting other fees

Published

on



Mexico celebrated Thursday having dodged the latest round of tariffs from the White House taking aim at dozens of U.S. trading partners around the world, but was also quickly reminded that in a global economy the effects of uncertainty can’t be entirely avoided.

President Claudia Sheinbaum said the free-trade agreement signed by Mexico, Canada and the U.S. during Trump’s first administration had shielded Mexico.

Now her government will focus on the existing 25% U.S. tariffs on imported autossteel and aluminum, while accelerating domestic production to safeguard jobs and reduce imports.

“During my last call with President Trump, I said that, in the case of reciprocal tariffs, my understanding was that there wouldn’t be tariffs (on Mexico), because Mexico doesn’t place tariffs on the United States,” Sheinbaum said.

Economy Secretary Marcelo Ebrard noted that despite having free-trade agreements with the U.S., many countries were targeted by the tariffs U.S. President Donald Trump announced Wednesday on what he dubbed “Liberation Day.” Trump framed the tariffs as a way to bring manufacturing jobs back to the U.S.

Noting that Mexico dodged the latest round of tariffs, Ebrard said swaths of Mexican exports including agricultural products like avocados, clothing and electronics will continue to enter the U.S. without import duties.

Sheinbaum, meanwhile, encouraged companies producing in Mexico who had not been exporting under the free-trade agreement for various reasons to take the necessary steps to qualify. She cited major German auto producers as an example.

Qualifying for the free-trade agreement could involve anything from doing paperwork to making adjustments to the sourcing of a product.

Despite Trump’s latest tariffs not being imposed on Mexico, the uncertainty they created and the interconnectedness of the North American auto supply chains meant it didn’t take long for the effects to touch Mexico.

Stellantis, maker of auto brands including Dodge and Jeep, announced that it would pause production at its assembly plant in Toluca west of Mexico City for the month of April while it assesses the tariffs’ impact on its operations. A similar temporary production halt was scheduled for an assembly plant in Canada and some 900 workers were to be temporarily laid off across several plants in the United States.

That uncertainty is part of the reasons why Sheinbaum is pushing Plan Mexico, an initiative to promote and cultivate more domestic production.

As an example, she cited a collaboration between her government, local universities and Mexican companies Megaflux and Dina to produce electric buses for public transportation.

Ebrard said recently that the buses represent not only a technological advance in Mexico, but also a “strategic decision” in favor of Mexico’s industrial sovereignty.

At a factory in Mexico City, the electric buses called Taruk — trail-runner in the Indigenous Yaqui language – are already in production. Megaflux Director General Roberto Gottfried said the company hopes to deliver some 200 by year’s end.

He noted that some 70% of the Taruk’s components are produced in Mexico, including its motor, but the lithium batteries that power them come from China.

In a country where one out of every three people use public transportation every day, developing this sector domestically is critical, Gottfried said.

Despite the global economic challenges presented by the uncertainty caused by tariffs, he said, Mexico’s large internal market gives the initiative a competitive advantage to develop and weather the storm.

This story was originally featured on Fortune.com



Source link

Continue Reading

Business

As RFK Jr. defends cuts to public wealth, experts warn of devastating effects that could haunt Americans for decades

Published

on



© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.



Source link

Continue Reading

Business

Inside activist investor Elliott’s proxy fight to break up Phillips 66

Published

on



© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.



Source link

Continue Reading

Business

5 gut-healthy foods everyone should be eating, according to science

Published

on



There’s a lot of buzz about supporting your gut health, which impacts your mental well-being, colorectal cancer risk, and immunity. But knowing the importance of gut health is one thing—knowing the best way to feed your gut is another.

Your gut health refers to how well your digestive system is functioning to break down food, absorb nutrients, and eliminate waste. Within your gut lies the gut microbiome, made up of trillions of microorganisms including bacteria, viruses and fungi. To keep your gut healthy, that bacteria needs to be fed and maintained—which is where a gut-healthy diet comes in.

Which foods are best for your gut health?

When you think of gut-friendly foods, you may think of fermented foods like sauerkraut and yogurt, which have naturally occurring bacteria that come from the fermentation process.

Fermented foods are packed with probiotics—live bacteria and yeasts—that naturally live in your body and benefit your health.

There are actually two main types of foods to support your gut health: probiotics and prebiotics. Prebiotics are not alive—but they are crucial to feed your good gut bacteria. They are found in fiber-rich, plant-based foods, and research supports their cancer- and chronic disease-fighting properties. 

“They’re like the fuel,” Amy Bragagnini, RD, national spokesperson for the Academy of Nutrition and Dietetics, told Fortune. “To make a lasting, sustainable microbiome, you need a balance of both [prebiotics and probiotics].”

Of the gut-healthy foods to choose from, here are science-backed options to help give your gut microbiome a health boost. 

1. Kimchi

Kimchi, a staple of Korean food, is a spicy fermented cabbage, similar to sauerkraut, filled with probiotics. Studies have linked the consumption of kimchi to improved blood sugar regulation in prediabetic individuals and improved metabolic health. You can find it refrigerated in grocery stores to be used as a flavor-boost in grain bowls or fried rice.

2. Yogurt and kefir

Since yogurt and kefir are fermented dairy products, they are packed with probiotics and beneficial bacteria produced from the fermentation process. You’ll notice that these dairy products will usually be labeled with “live and active cultures” and a list of the bacteria in them—that’s a good indicator that the yogurt or kefir has the probiotics you’re looking for.

Additionally, yogurt’s gut-health benefits may help prevent colorectal cancer. A recent study published in the journal Gut Microbes found that long-term yogurt consumption—two or more servings per week—was tied to lower rates of proximal colorectal cancer (on the right side of the colon).

Meanwhile kefir, which is a fermented yogurt drink, is shown to improve immune, gastrointestinal, and metabolic health, while also helping to reduce inflammation.

3. Oatmeal

Whole grains like oatmeal are a great source of prebiotic fiber to feed your gut bacteria, which helps to support digestion and an overall healthy gut microbiome.

A 2005 study also found that whole grains reduced colorectal cancer risk in women. Whole grains’ high fiber content, resistant starch, and prebiotics improve the gut microbiome to reduce risk, researchers wrote, while “diluting potential carcinogens and promoters in the colon and decreasing transit time,” which reduces colon tissue’s exposure to harmful compounds.

4. Onions and garlic

These alliums are full of prebiotics proven to help gut flora grow and flourish. Studies show they may also help to improve symptoms associated with gastrointestinal distress, osteoporosis, atherosclerosis, gastrointestinal disorders, cardiovascular disease and Type 2 diabetes. 

5. Asparagus

Asparagus is one of the most prebiotic-rich foods you can eat. These veggies are packed with beneficial phytochemicals like xylose, inulin, flavonoids, fructans, and saponins. These nutrients, in addition to asparagus’ high fiber content, have been shown to promote the growth of certain probiotic bacterial strains.

For more on gut health:

This story was originally featured on Fortune.com



Source link

Continue Reading

Trending

Copyright © Miami Select.