-
Trump slashes two Utah protected areas by more than 90%
-
US strikes Iran for third night as Trump says deal still 'possible'
-
Spain 'favourites' says Deschamps ahead of World Cup semi-final showdown
-
Trump vows to hit Iran 'hard,' impose Hormuz transit fees
-
Norway receive heroes' welcome in Oslo after World Cup exit
-
France and Spain prepare to duel at World Cup
-
Pickford backs England to keep cool in tense Argentina World Cup semi
-
Five Britons among foreign Spanish wildfire victims
-
Oil prices surge on US-Iran attacks; tech shares fall
-
Ukraine allies pledge more air defence, pressure Russia
-
Thomas Tuchel: England's World Cup mastermind
-
'Until the end': The tireless, traumatic search for Venezuela quake victims
-
Mbappe paradox stirs club v country debate as France face Spain
-
Trump expected to shrink protected lands in Utah: reports
-
Trump reimposes Iran naval blockade, threatens Hormuz fees
-
Twelve US states sue to block Paramount's Warner Bros. takeover
-
US vows campaign to end ICC 'threat' to Americans
-
New boss Alonso calls for Chelsea 'hunger', wants Fernandez to stay
-
Yemen govt says hit Sanaa airport, Houthis attack Saudi Arabia
-
Knight excited for future after England career ends in India defeat
-
US judge voids 'improper' Trump tax deal
-
From bombmaking to motorcycle tweaks: how Nigerian jihadists use AI
-
US appeals court revives private cases alleging Tylenol link to autism
-
Edwards vows to 'upskill' England women for Ashes after India defeat
-
Spieth adamant he has more golf majors left in him
-
Hungary MPs pass constitutional tweak to oust Orban-allied president
-
'VAR-gentina?': conspiracy theories swirl ahead of World Cup semi-finals
-
Ukraine allies meet in Paris to boost air defence, pressure Russia
-
Counter-terror police take over investigation into UK politician's killing
-
Fitzpatrick blames betting for golf fans' bad behaviour
-
McCullum sorry for England defeats after 'romantic' finish with Stokes
-
Trump declares Iran blockade back, says US will charge Hormuz fees
-
New boss Alonso calls for Chelsea 'hunger'
-
Uganda opposition leader treason trial starts without lawyers
-
Trump says US reinstates Iran blockade, will be 'paid' for guarding Hormuz
-
Iraola vows to remain true to himself at Liverpool
-
McCullum sorry for England Test defeats after Australia and India losses
-
Volkswagen confirms weighing up to 50,000 more job cuts
-
Trump says US 'taking over' Hormuz as fighting with Iran flares
-
Yemen government says attacked Sanaa airport, reviving dormant conflict
-
Three Britons among foreign Spanish wildfire victims
-
EU sanctions target Russian state-backed messaging app
-
Switzerland, Britain conclude 'modernised' free trade deal talks
-
Oil prices surge on US-Iran attacks, tech shares tank
-
Taliban says 'no oppression' of Afghan women after dress crackdown
-
Counter-terror police take lead of probe into UK politician's killing
-
Commander of Ukraine's French-trained brigade arrested in murder probe
-
'Outstanding' India thrash England in historic first women's Test at Lord's
-
Slaven Bilic returns as Croatia coach
-
UK unveils plan to ban Iran Revolutionary Guards: ministry
Trump tariffs leave Mexican tequila producers with sour taste
Mexico's booming tequila industry was left reeling Wednesday after US President Donald Trump slapped sweeping tariffs on the Central American nation that producers say threaten the popularity of its most famous liquor.
Trump imposed 25 percent levies on Mexico and Canada, and doubled tariffs on China, prompting jitters on global markets and fears the spat is devolving into a brutal trade war.
More than two-thirds of tequila produced last year was exported to the United States -- 335 million liters of almost 500 million, according to Mexico's Tequila Regulatory Council.
The US market makes up 83.6 percent of tequila exports, representing $4.5-billion worth of liquor.
"The possible increase in tequila prices in the United States could encourage substitution with other alcoholic drinks," said Ana Cristina Villalpando Fonseca, head of the National Chamber of the Tequila Industry (CNIT).
The tariffs risk affecting the whole supply chain, from producers of agave -- the plant used to make tequila -- to bottlers and transporters, the CNIT added in a statement.
The industry employs more than 100,000 people in Mexico, Villalpando said.
Fast-rising demand for tequila has seen American celebrities cash in on the tipple in recent years -- and in 2020 tech billionaire Elon Musk joined the party with the launch of a limited edition Tesla Tequila.
In January 2025, tequila exports jumped 34.6 percent compared to the same month the previous year, although the CNIT attributed the rise to stockpiling ahead of Trump's anticipated tariffs.
The CNIT said it would promote expansion to other international markets and that it was confident the Mexican government's efforts will help mitigate the effects of the tariffs.
President Claudia Sheinbaum pushed back on Trump's duties saying her government would retaliate with unspecified tariff and non-tariff measures of its own.
US Commerce Secretary Howard Lutnick said however that Trump could dial down hefty levies on Mexico and Canada this week, while maintaining pressure on China.
B.Shevchenko--BTB