Bank of America is bullish on its future in Mexico, according to the head of the bank's unit in the country, and stands to benefit from the so-called "nearshoring" trend even after threats of tariffs on exports to the U.

President Claudia Sheinbaum hints at retaliation and says US southern neighbour is tackling migrant and drug problem

Mexican President Claudia Sheinbaum schooled Trump, warning that his plan for tariffs on imported goods would result in mutually assured economic destruction for both countries.

President Claudia Sheinbaum said she was willing to engage in talks on the issues of drugs and migration but suggested that the U.S. shared blame for its problems.

Mexico's president discussed migration and drug trafficking with US President-elect Donald Trump on Wednesday -- two issues he had raised as justification for raising import tariffs on America's southern neighbor.