• About Us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI English
TFI हिन्दी
Monday, June 5, 2023
TFIGlobal
TFIGlobal
Right Arm. Round the World. FAST.
No Result
View All Result
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
TFIGlobal
No Result
View All Result

US to Mexico: “Open the market or face the sanctions”

Rohit Yadav by Rohit Yadav
March 30, 2023
in Americas
Reading Time: 2 mins read
0
Mexico energy reforms
142
VIEWS
Share on FacebookShare on Twitter

Mexico energy reforms: The Biden Administration is sending Mexico an ultimatum: open its energy markets to outside competitors or face the consequences. After months of negotiations between the United States and Mexico have yielded little progress, the USTR is preparing to make a “final offer” to Mexico in the coming weeks. The offer will require Mexico to open its energy markets and agree to increased oversight, or face the potential of a dispute settlement panel and retaliatory tariffs.

The move is a significant escalation in already-strained tensions between Presidents Joe Biden and Andres Manuel Lopez Obrador. Obrador’s decision to roll back Mexico energy reforms aimed at opening Mexico’s power and oil markets to outside competitors sparked the trade dispute, which has been ongoing since July of last year. The United States Trade Representative (USTR) Office has been entitled to call for a formal dispute settlement panel since October 3, and now the Biden Administration appears ready to take that step.

Also Read

Germany is giving Russian Tanks a Speed Boost in Ukraine

A military emergency could soon be imposed in Europe

The move carries significant risk for Biden, who is expected to launch his re-election bid in the coming weeks and will face criticism over his handling of immigration and drug trafficking. He needs Mexico’s help to control the border after COVID-era restrictions are lifted on May 11.

Biden calls Iowa voter 'damn liar' and 'fat' after Ukraine accusation
Mexico energy reforms Source: CNBC

In addition to the energy dispute, the Biden Administration has also escalated another trade dispute with Mexico over its plans to ban genetically modified corn for human consumption. The energy dispute is a step ahead under the United States Mexico Canada Association’s enforcement mechanism, and the USTR is now looking to leverage all the tools available to it to ensure Mexico opens its markets.

Also Read: A-maize-ing! Mexico destroys US corn industry in one move

Patience on Capitol Hill over the talks is wearing thin. Senator Ron Wyden of Oregon has urged the USTR to “say enough is enough” and escalate the dispute into a formal settlement case. He noted that American clean energy producers are still waiting for access and it was time to take action.

It’s now up to Mexico to decide whether to open its markets or face the consequences. The Biden Administration is sending a clear message: act now or else. As the USTR has hinted, all the tools in the USMCA are at its disposal, and the Biden Administration appears ready to use them.

Tags: Drug traffickingEnergyImmigrationJoe BidenMexicosanctionsUS
ShareTweetSend
Previous Post

Canadian kids are being made naturally dumb with ‘Artificial Intelligence’

Next Post

Biden has set a price for Xiomara Castro and it’s a catastrophic move

Also Read

A deliberate leak by the FBI shows that Biden is about to be impeached

A deliberate leak by the FBI shows that Biden is about to be impeached

May 4, 2023
US government defaults, federal reserve rushed to its rescue, but this time it will fail

US government defaults, federal reserve rushed to its rescue, but this time it will fail

May 3, 2023
NATO has a plan to bankrupt all member nations to keep 2 percent Defense spending rule alive

NATO has a plan to bankrupt all member nations to keep 2 percent Defense spending rule alive

April 27, 2023
US plans to sacrifice the UK at the altar of Ukraine

US plans to sacrifice the UK at the altar of Ukraine

April 26, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Trending
  • Comments
  • Latest
11th July: The date set by Victoria Nuland for WWIII

11th July: The date set by Victoria Nuland for WWIII

May 31, 2023
Alberta wildfires are not an act of God but an act of the federal government

Alberta wildfires are not an act of God but an act of the federal government

May 29, 2023
UAE’s Record Gold Purchase from Russia could have De-dollarization written all over it

UAE’s Record Gold Purchase from Russia could have De-dollarization written all over it

May 29, 2023
Oh Well, Germany is Planning a War with Russia (Psst… to Win Elections at Home)

Oh Well, Germany is Planning a War with Russia (Psst… to Win Elections at Home)

June 1, 2023
With one shocking scandal, Ursula just lost Bulgaria entirely

With one shocking scandal, Ursula just lost Bulgaria entirely

May 29, 2023
Trudeau is re-starting his most hated project probably to appease Anti-Trudeau Praises

Trudeau is re-starting his most hated project probably to appease Anti-Trudeau Praises

June 4, 2023
France and Italy defy Biden’s diktat of banning Russia completely

France and Italy defy Biden’s diktat of banning Russia completely

June 4, 2023
Germany is giving Russian Tanks a Speed Boost in Ukraine

Germany is giving Russian Tanks a Speed Boost in Ukraine

June 4, 2023
A military emergency could soon be imposed in Europe

A military emergency could soon be imposed in Europe

June 2, 2023
Its Official: Biden is waving white flag against Iran

Its Official: Biden is waving white flag against Iran

June 2, 2023
Youtube Twitter Facebook
TFIGlobal
  • About us
  • Contact Us
  • Terms of use
  • Privacy Policy

©2023 - TFI MEDIA PRIVATE LIMITED

No Result
View All Result
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

©2023 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Follow us on Twitter

and never miss an insightful take by the TFIGlobal team

Follow @tfiglobal
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.