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Saudi Arabia, Tunisia Discuss Strengthening Collaboration in Industry and Transport

Saudi Minister of Investment Khalid Al-Falih met in Tunis on Saturday with Tunisian Minister of Transport Rachid Amri. SPA
Saudi Minister of Investment Khalid Al-Falih met in Tunis on Saturday with Tunisian Minister of Transport Rachid Amri. SPA
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Saudi Arabia, Tunisia Discuss Strengthening Collaboration in Industry and Transport

Saudi Minister of Investment Khalid Al-Falih met in Tunis on Saturday with Tunisian Minister of Transport Rachid Amri. SPA
Saudi Minister of Investment Khalid Al-Falih met in Tunis on Saturday with Tunisian Minister of Transport Rachid Amri. SPA

Saudi Minister of Investment Khalid Al-Falih met in Tunis on Saturday with Tunisian Minister of Transport Rachid Amri.
The meeting focused on strengthening cooperation between Saudi Arabia and Tunisia, particularly in the fields of industry, transport, and logistics. Both ministers discussed strategies to enhance investment opportunities in these vital sectors, reflecting the strong relations and shared commitment to fostering economic development.
The meeting was also attended by Saudi Ambassador to Tunisia Dr. Abdulaziz bin Ali Al-Saqr.

Earlier, Al-Falih and Tunisian Minister of Economy and Planning Samir Abdel Hafiz signed a Memorandum of Understanding (MoU) to promote direct investment between the two countries.
The agreement aims to strengthen cooperation by encouraging direct investment and facilitating the exchange of information on systems and regulations governing the investment environment.
The MoU underscores a shared commitment to enhancing economic ties and leveraging mutual opportunities for sustainable growth and development.

During his visit to Tunis, Al-Falih also met with Tunisian Minister of Economy and Planning Samir Abdel Hafiz.
The meeting focused on exploring investment and cooperation opportunities in sectors of mutual interest. Discussions aimed to strengthen economic ties and identify initiatives aligned with the shared goals of fostering growth and development in both nations.
The meeting underscores the commitment of Saudi Arabia and Tunisia to advancing bilateral relations, particularly in economic and investment fields.

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Trump Vows New Tariffs on Mexico, Canada and China

FILE PHOTO: US President-elect Donald Trump attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, US, November 19, 2024. Brandon Bell/Pool via REUTERS/File Photo
FILE PHOTO: US President-elect Donald Trump attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, US, November 19, 2024. Brandon Bell/Pool via REUTERS/File Photo
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Trump Vows New Tariffs on Mexico, Canada and China

FILE PHOTO: US President-elect Donald Trump attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, US, November 19, 2024. Brandon Bell/Pool via REUTERS/File Photo
FILE PHOTO: US President-elect Donald Trump attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, US, November 19, 2024. Brandon Bell/Pool via REUTERS/File Photo

US President-elect Donald Trump vowed on Monday to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his effort to crack down on illegal immigration and drugs.

He said he would impose a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff on goods from China, as one of his first executive orders.

In a series of posts to his Truth Social account, Trump vowed to hit some of the United States' largest trading partners with duties on all goods entering the country.

“On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% tariff on ALL products coming into the United States,” he wrote, according to AFP.

He said the new tariffs would remain in place “until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!”

The President ignored the US, Mexico and Canada three-decade-old free trade agreement, now called the USMCA.

In another post, Trump said he would also be slapping China with a 10% tariff, “above any additional Tariffs,” in response to what he said was its failure to tackle fentanyl smuggling.

“No one will win a trade war,” Liu Pengyu, a spokesman for China's embassy in the United States, told AFP by email, defending Beijing's efforts to curb fentanyl smuggling.

“China believes that China-US economic and trade cooperation is mutually beneficial in nature,” Liu added.

Canada said it was “essential” to US energy supplies, and insisted the relationship benefits American workers.

“We will of course continue to discuss these issues with the incoming administration,” said the statement from Deputy Prime Minister Chrystia Freeland.

Tariffs are a key part of Trump's economic agenda, with the Republican vowing wide-ranging duties on allies and adversaries alike while he was on the campaign trail.

Many economists have warned that tariffs would hurt growth and push up inflation, since they are primarily paid by importers bringing the goods into the US, who often pass those costs on to consumers.

But those in Trump's inner circle have insisted that the tariffs are a useful bargaining chip for the US to push its trading partners to agree to more favorable terms, and to bring back manufacturing jobs from overseas.