Some officials in South Korea say agreeing to the pipeline investment might placate the U.S., but Trump is still threatening tariffs.

South Korea's bilateral trade with Canada and Mexico was tallied at US$14.62 billion and $19.8 billion, respectively, in 2023, according to data from Seoul's foreign ministry. According to local corporate data firm Korea CXO Institute, 25 South Korean ...

Volkswagen's factory in Puebla, Mexico, made nearly 350,000 cars in 2023, including the Jetta, Tiguan and Taos, all for export to the U.S. In Canada, Volkswagen is building a battery gigafactory in Ontario, with output to begin by 2027.

South Korea's factory output fell in January, while corporate investment also dropped, government data showed on Tuesday, in another sign of growing uncertainty over U.S. tariffs and their ripple effects across the global supply chain.

The announcement represents relief “but not a cure” since the same tariffs could kick in next month, said Bank of America.

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The good thing is that there’s an appetite for Mexican crude in Europe, in India, in Asia,' Reuters quotes the unnamed source in Mexican government

The official said potential Chinese buyers were "very interested" in initial conversations, adding that "demand will decide how these flows are redirected"