Correos de México, the national postal service, said it would halt United States deliveries starting immediately.

The steep levy on a country considered crucial to U.S. strategic interests in the region is now one of the highest of the many tariffs imposed during Trump's ongoing global trade war.

Mexico's government is set to raise tariffs on Chinese imports, including cars, textiles and plastics, as part of its 2026 budget proposal next month, Bloomberg News reported on Wednesday, citing three people briefed on the matter.

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Ebert hopes that the company's large domestic manufacturing footprint positions it for success amid the Trump administration's trade war. President Trump has said he's using tariffs as a tool to revitalize American industry by limiting importers' ability to undercut domestic manufacturers on price.

The Universal Postal Union said it sent a letter to U.S. Secretary of State Marco Rubio on Tuesday to express concerns the agency’s member countries have about the end of the “de minimis exemption,” including requirements for collecting and transmitting new customs duties.

As 50% tariffs on India kick in, one firm is downgrading its rating on Indian stocks to neutral from overweight. Amr Abdel Khalek, an emerging-markets strategist at Macro Research Board, argues if U.S.

Brazil Finance Minister Fernando Haddad said on Wednesday that the South American country might challenge in U.S. courts the steep tariffs imposed by the Trump administration on U.S. imports of Brazilian goods.