President Donald Trump on Monday threatened to impose an additional 5% tariff on Mexico if it doesn't immediately provide additional water to help U.S. farmers, accusing the country of violating a treaty that outlines water sharing between the neighbors.
Under the treaty, Mexico must send 1.75 million acre-feet of water to the U.S. from the Rio Grande through a network of interconnected dams and reservoirs every five years.
Trump said in a social media post that Mexico "owes" the U.S. 800,000 acre-feet of water due to violations of the treaty over the past five years.
He demanded Mexico release 200,000 acre-feet of water before December 31, and more "soon after."
The lack of water was hurting crops and livestock in Texas, Trump said.
"As of now, Mexico is not responding, and it is very unfair to our U.S. Farmers who deserve this much needed water," Trump said. "That is why I have authorized documentation to impose a 5% Tariff on Mexico if this water isn't released, IMMEDIATELY."
A spokesperson for Mexico's economy ministry did not immediately respond to a request for comment.
In April, U.S. Agriculture Secretary Brooke Rollins said that Mexico had agreed to increase its water shipments to Texas to help make up a shortfall under the 1944 treaty.
Mexico has argued that it is under drought conditions that have strained the country's water resources.
Source: Investing.com
President Donald Trump was happy to see the Federal Reserve cut interest rates by 25 basis points this week, but wants to see further reductions in borrowing costs, White House spokeswoman Karoline Le...
The number of US citizens submitting new applications for unemployment insurance went up to 236K for the week ending December 6, according to a report from the US Department of Labour (DOL) released o...
Employment in Australia dropped by 21,300 to 14.66 million in November 2025, swinging from a downwardly revised 41,200 gain in the previous month and missing market expectations of a 20,000 increase. ...
Compensation costs for civilian workers in the United States increased 0.8% in the third quarter of 2025, slowing from a 0.9% increase in the previous period, slightly below market expectations of 0.9...
The better-than-expected JOLTS data briefly strengthened the dollar, indicating the relatively solid US labor market, but gold continued to rise. The market interpreted this data as a signal that the ...
European stocks finished the session firmly higher, with the Euro STOXX 50 rising 0.7% and the STOXX Europe 600 gaining 0.8%, extending a rebound from Friday's tech-led selloff as investors looked past near-term volatility. Gains were broad-based,...
Gold did rise on Monday, driven by a weaker US dollar and falling US bond yields, plus demand for safe haven assets ahead of a key data week. But entering the US session, gold began to lose momentum and retreat from its intraday peak, as evidenced...
New York Federal Reserve President John Williams said on Monday the U.S. central bank's interest rate cut last week leaves it in a good position to deal with what lies ahead, adding that he sees inflation moderating amid cooling in the job...
US stocks closed sharply lower on Friday as a Broadcom-led rout among the largest tech weights sparked a rotation into cyclicals and defensive...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10%...
Asian markets opened lower in the last full trading week of 2025, fueled by concerns about the prospects for tech company profits and growing AI...
New York Federal Reserve President John Williams said on Monday the U.S. central bank's interest rate cut last week leaves it in a good position to...