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Mexico values bilateral meeting with the U.S. positively

Photo: @lopezobrador_

December 8 |

Mexican President Andrés Manuel López Obrador described as ‘productive and pleasant’ the meeting he held with US Treasury Secretary Janet Yellen.

Yellen held two days of meetings with the Mexican economic and financial sector, including authorities from the Bank of Mexico (Banxico), the Ministry of Finance and Public Credit (SHCP) and the Foreign Ministry, which ended with a visit to the President at the National Palace.

During their meetings in Mexico City, the US Secretary discussed joint efforts to combat fentanyl and illicit financing, as well as to deepen economic ties between both nations.

López Obrador acknowledged on his social networks that the policy of good neighborliness between the governments of Mexico and the United States is a reality.

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“Our relations cover all aspects: from friendship to cooperation in economic and financial matters. That is why the meeting in the National Palace with the US Secretary of the Treasury, Janet Yellen, was very productive and pleasant,” she published on her X account.

The Treasury Secretary stated that after a meeting with Mexican Treasury Secretary Ramirez de la O, Deputy Treasury Secretary Gabriel Yorio and Mexican officials, a working group was announced to review foreign investment.

“Working together to protect against foreign investment that poses risks to national security benefits both nations,” he wrote in X.

The U.S. Secretary also kicked off yesterday, together with the Governor of the Bank of Mexico, Victoria Rodríguez Ceja, a 20-peso coin for the 200 years of diplomatic relations between Mexico and the U.S. She also held meetings with young Mexicans to celebrate the 200 years of diplomatic relations between Mexico and the United States.

In addition, she held meetings with young Mexican women students of economics, in which she highlighted the fundamental role of women in the economy and the future.

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Floods in Central Vietnam leave 28 dead, thousands displaced

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More than 22,100 homes remain flooded, primarily in the cities of Hue and Da Nang. Floods and landslides have destroyed or swept away 91 houses and damaged another 181, the report added.

Around 245,000 households are still without electricity, particularly in Da Nang, where over 225,000 homes are affected.

Additionally, 80 stretches of national highways are blocked or disrupted due to landslides. Authorities expect the flooding to continue for another day or two in the region.

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“Thanks to swift action and close coordination with our local partners, a possible terrorist act was prevented before it could be carried out,” he added.

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U.S. warns China over Taiwan during high-level defense talks in Kuala Lumpur

U.S. Secretary of Defense Pete Hegseth expressed concerns over China’s growing military activity near Taiwan during a meeting on Friday with Chinese Defense Minister Dong Jun in Kuala Lumpur.

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The meeting took place on the sidelines of the ASEAN Defense Ministers Meeting-Plus, one day after U.S. President Donald Trump met Chinese President Xi Jinping in Busan, South Korea. According to Trump, Taiwan was not discussed during their talks.

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Trump’s sit-down with Xi — their first since 2019 — resulted in some trade agreements but avoided addressing the issue of Taiwan, a long-standing source of tension between the world’s two largest powers.

Trump has taken a more ambiguous stance on Taiwan’s future compared with former President Joe Biden, who repeatedly stated that Washington would support Taipei if China launched an invasion. The Republican president has also criticized Taiwan for “stealing” the U.S. semiconductor industry.

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