President Claudia Sheinbaum warned that the proposed 25% import tariffs on all goods entering the U.S. would result in mutually assured economic destruction for both countries.
Trump said the tariffs would remain in place until the two countries clamp down on drugs, particularly fentanyl, and migrants crossing the border illegally.
BIMCO says it continues to add to its portfolio of carbon clauses to support the industry, as the shipping industry faces an increase in decarbonization regulations.
The new regulations could add as many as 200 Chinese chip companies to a trade restriction list that prohibits most U.S. suppliers from shipping goods to the targeted firms.