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The United States and Mexico announced a partnership to fight cross-border arms trafficking, Reuters reported Sept. 28.

U.S., Mexico: U.S. and Mexico Announce Anti-Arms Smuggling Partnership 

China

China has launched an investigation to determine if the import taxes Mexico plans to impose on goods from countries with which it does not have free trade agreements constitute a trade and investment barrier, El Pais reported on Sept. 25. 

China, Mexico: China Launches Investigation Into Mexico's Import Tax Plan

Singapore

Switzerland

Ireland

India

U.S. President Donald Trump announced on Truth Social on Sept. 25 that effective Oct. 1, the United States would impose a 50% tariff on kitchen cabinets and bathroom vanities, a 30% tariff on upholstered furniture, a 25% tariff on heavy-duty trucks, and a 100% tariff on branded or patented pharmaceutical products, unless the company is building a pharmaceutical manufacturing plant in the United States. 

U.S.: National Security Tariffs on Some Pharmaceuticals, Certain Home Furniture and Trucks

Canada

Canadian Prime Minister Mark Carney will hold a one-on-one meeting with Mexican President Claudia Sheinbaum and another meeting with Mexican business leaders during a two-day visit to Mexico City, Global News reported on Sept. 18.

Canada, Mexico: Ottawa and Mexico City Seek To Boost Trade and Align Positions Ahead of USMCA Renegotiation

Late on Sept. 11, a Chinese Ministry of Commerce spokesperson addressed Mexico's impending tariffs on Chinese automobiles by saying, "Any unilateral tariff increase by Mexico…will be seen as appeasement and compromise of unilateral bullying" by the United States, The Wall Street Journal reported on Sept. 12. 

China, Mexico: Beijing Likely To Retaliate Against Auto Tariffs

Mexican President Claudia Sheinbaum submitted to Congress a bill proposing the introduction of taxes on 1,400 products imported from countries with which Mexico does not have a free trade agreement, mostly from Asia, El Economista reported on Sept. 9.

Mexico: Import Taxes Targeting Asian Goods To Help Appease Washington

The Mexican government presented a budget proposal that will maintain fiscal consolidation by marginally reducing the fiscal deficit to 4.1% of gross domestic product in 2026 from 4.3% projected for 2025, El Economista reported on Sept. 8.

Mexico: Budget Indicates Further Fiscal Consolidation With Tax Collection Offsetting Increased Spending

U.S. Secretary of State Marco Rubio met with Mexican President Claudia Sheinbaum and members of her cabinet in Mexico City on Sept. 3, during which they vowed to continue collaboration on cross-border security issues, including drug trafficking, AP reported the same day.

U.S., Mexico: Rubio Meets With Sheinbaum, Pledges Continued Security Collaboration

Assessments

France

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An anti-tourism protest in June in Barcelona, Spain. Anti-tourism sentiment is certain to grow in major tourist destinations, though it will be unevenly distributed globally, particularly as the tourism sector could face potential challenges in the future.

Social Issues

Anti-tourism sentiment is certain to grow in major tourist destinations, though it will be unevenly distributed globally, particularly as the tourism sector could face potential challenges in the future.

The Causes and Implications of the Rise in Anti-Tourism Sentiment

Ecuador

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Helicopters fly in the sky during a rehearsal for a military parade Aug. 24 in Beijing.

Russia-Ukraine Conflict

A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.

The Weekly Rundown: An SCO Summit, Rubio Closes Security Deals With Mexico and Ecuador

Columns

On Security

DEA New York special agent in charge speaks to the press in New York City on Feb. 28, 2025, after the former leader of a brutal Mexican cartel, Rafael Caro Quintero, described by the White House as the world's ''most evil'' drug boss, pleaded not guilty to narcotics charges in New York.

Despite the political and diplomatic risks, Trump is more likely than not to launch some direct operations against Mexican cartels before he leaves office, potentially ranging from light and sporadic U.S. drone strikes to more extensive ground operations.

The Outlook for Trump's 'War' on Mexican Cartels

Cambodia

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A Cambodian soldier stands on a truck with a rocket launcher in Cambodia's Oddar Meanchey province, which borders Thailand, on July 25, 2025. 

Global Trade

U.S.-China Relations

The Weekly Rundown: U.S. Tariff Deadline Passes, Thai-Cambodian Border Tensions Persist

Argentina

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Venezuela

(L-R) Colombian Foreign Minister Laura Sarabia, Chinese Foreign Minister Wang Yi and Honduran Foreign Minister Eduardo Enrique Reina attend a plenary session of the China-CELAC ministerial meeting at the Great Hall of the People on May 13, 2025, in Beijing, China. 

Latin America and the Caribbean will welcome China's increased engagement, but strong ties to the West and China's economic slowdown will limit Beijing's influence in the region.

Despite Stronger Trade Ties, China's Influence in Latin America Will Remain Limited

Poland

Ukrainian, U.S. and Russian delegates meet for peace talks in Istanbul, Turkey, on May 16, 2025. 

The Weekly Rundown: Ukraine-Russia Talks, Mexico's First-Ever Judicial Elections

Snapshots

A U.S. courthouse facade with columns in lower Manhattan, New York.

The court ruling nullifies most -- though not all -- of the Trump administration's tariffs, giving U.S. trading partners temporary breathing room in negotiations while the White House searches for alternative trade measures.

The White House's Tariff Ambitions Bend -- But Do Not Break -- Under the Weight of a Court Ruling

Members of the National Association of Magistrates and District Judges hold a massive Mexican flag during a protest in Mexico City, Mexico, on Sept. 11, 2024, after Mexico's Senate approved controversial judicial reforms. 

The likely strong performance of candidates aligned with the ruling Morena party will undermine checks and balances and create regulatory uncertainty for businesses over the long term.

What's at Stake in Mexico's First-Ever Judicial Elections

Trucks travel by the U.S.-Mexico border after crossing the border into the United States at Otay Mesa, California, on April 2, 2025. 

Although U.S. tariffs will hurt Mexico's economy in the short term, they may eventually grant Mexico a competitive advantage over countries that face even higher duties.

The Buffers That Will Help Mexico Navigate Tariff Turbulence

Media

Iran

Israel

Australia

Philippines

Forecast Webcast

U.S.-Iran Relations

Join our analysts for this webcast recording exploring key topics identified in RANE's 2025 Second-Quarter Forecast.

2025 Second-Quarter Forecast Webcast

Vietnam

United Kingdom

U.S. President Donald Trump delivers remarks on reciprocal tariffs as U.S. Secretary of Commerce Howard Lutnick holds a chart during an event in the Rose Garden entitled ''Make America Wealthy Again'' at the White House in Washington, D.C., on April 2, 2025. 

Trump's sweeping new tariffs will slow both U.S. and global economic growth, with lower-income Americans and emerging markets like Vietnam being hit hardest.

The U.S. Launches the Largest Trade War in Modern History

On Geopolitics

U.S. President Donald Trump speaks from the Oval Office on March 7, 2025, after announcing that tariffs could be imposed on Canadian dairy and lumber products within days. 

The expanding scope of Trump's trade wars, coupled with the whiplash of tariffs being enacted and then suspended, begs the question: what is driving this strategy and what, if anything, will constrain it?

Trump's Emerging Trade Doctrine

Mexico is defined by dramatic geographic features that have shaped the country's politics. Forming the southern portion of North America, Mexico borders the tropical Central American isthmus, a broad band that defines Mexico's northern border with the United States. To the east and west, the Sierra Madre Occidental and the Sierra Madre Oriental dominate the Pacific and the Caribbean coasts, forming highlands that cradle of the modern heart of Mexico. The desolate Baja California peninsula shields approaches from the western sea. To the east, the tropical limestone outcropping named the Yucatán peninsula dominates entry from the Caribbean into the Gulf of Mexico. Mexico's central valley, which includes Mexico City and the adjacent Veracruz region, form Mexico's core.     To control Mexico City is to control Mexico, and the greatest conventional threats to Mexico City have traditionally come from the deepwater Port city of Veracruz. Since the 16th century, Spain, France and the United States &mdash; not to mention numerous mutinous factions of the Mexican military &mdash; have used Veracruz to threaten and even conquer what is now Mexico City. Mexico's mountains and frontier territories are traditional hotbeds of unrest. From the rebels of Chihuahua to the drug kingpins of Tierra Caliente and Sinaloa, the historical and ongoing challenge for Mexico is to subdue and incorporate far-flung, geographically-isolated communities. The modern expression of this struggle can be seen in today's war with drug trafficking organizations, but it is a pattern that has been repeated throughout history and has been shaped by Mexico's physical geography. 

SITUATION REPORTS

U.S., Mexico: U.S. and Mexico Announce Anti-Arms Smuggling Partnership

China, Mexico: China Launches Investigation Into Mexico's Import Tax Plan

U.S.: National Security Tariffs on Some Pharmaceuticals, Certain Home Furniture and Trucks

Canada, Mexico: Ottawa and Mexico City Seek To Boost Trade and Align Positions Ahead of USMCA Renegotiation

China, Mexico: Beijing Likely To Retaliate Against Auto Tariffs

Mexico: Import Taxes Targeting Asian Goods To Help Appease Washington

Mexico: Budget Indicates Further Fiscal Consolidation With Tax Collection Offsetting Increased Spending

U.S., Mexico: Rubio Meets With Sheinbaum, Pledges Continued Security Collaboration

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