Muelles del Caribe announced on Tuesday that it has temporarily suspended construction of a cruise ship pier in Cozumel, Mexico. In early January 2022, the federal government granted the concession title to Muelles del Caribe to build, operate, exploit and exploit a maritime-port terminal for cruise ships, for
U.S. automotive production is suffering from a shortage of heavy rare earths due to supply chain disruptions. According to the Federal Reserve Bank of Chicago, district production of light vehicles declined in July, and some automakers reported disruptions in the heavy rare earth supply chain. At the same
Japan‘s automotive competitiveness has stagnated in the United States, considering its auto sales in that market. From January to May 2025, auto exports to the United States from Japan were $16.749 billion, up 0.5% year-on-year, according to Commerce Department data. Japan’s automotive competitiveness In the first five months
Tariffs on agricultural products and food have begun to impact the U.S. market. Sarah House, senior economist at Wells Fargo, believes import prices are unlikely to provide a safety valve for U.S. consumer price inflation in the coming months. Tariffs on agricultural products Trade drives both demand and
Japan has reduced its share of the U.S. trade deficit in both recent years and decades. From January to May 2025, Japan’s share of the Unites States. goods trade deficit was 4.8 percent. In this period, in bilateral trade, Japanese exports totaled $62.958 billion and U.S. exports were
Corn, pork, dairy products, soybeans and chicken meat were the top U.S. agricultural products exported to Mexico in 2024. The United States is an agricultural powerhouse and has Mexico as its top export market in this sector. In 2024, U.S. agricultural exports to Mexico totaled $30.2 billion. The