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Mexico says Trump tariffs would cost 400,000 US jobs
Mexico says Trump tariffs would cost 400,000 US jobs
Business and Economy
by  AFP

Mexico said Wednesday the United States will be shooting itself in the foot if President-elect Donald Trump implements his threats to impose 25-percent tariffs on Mexican imports. He said he would charge 25 percent tariffs on Mexican and Canadian imports and 10 percent on Chinese goods "above any additional tariffs" on the world's second-biggest economy.

Car-centric Saudi to open first part of Riyadh Metro
Car-centric Saudi to open first part of Riyadh Metro
Business and Economy
by  AFP

Saudi Arabia announced Wednesday it is ready to open the first part of the Riyadh Metro, a major project intended to help shift the car-centric kingdom to public transport. Saudi Arabia is the world's biggest exporter of crude oil, though Vision 2030 is intended to transition the kingdom away from fossil fuels.

Brussels, not Paris, will decide EU-Mercosur trade deal: Lula
Brussels, not Paris, will decide EU-Mercosur trade deal: Lula
Business and Economy
by  AFP

France does not get to decide whether a free trade deal between the EU and South America's Mercosur bloc goes ahead -- only Brussels does, Brazilian President Luiz Inacio Lula da Silva said on Wednesday. Brazil's position, stressed by Lula in a speech on Brazilian industry, crosses swords with that of France, which is determined to block the trade pact.