President Donald Trump raised steel tariffs on Mexico, Canada and the world from 25 to 50 percent, according to a proclamation issued Tuesday. The only exception is the United Kingdom, which will continue to be subject to a 25 percent tariff. This tariff hike includes steel, aluminum, and
Costa Rica‘s entry into CPTPP advanced in the most recent meetings of this trade bloc, according to a joint statement by the ministers of the member countries. CPTPP is made up of 12 nations, a group that was founded with 11 of them and the United Kingdom as
Pemex decreases 39% its oil production in 10 years, to 1.485 million barrels per day on average in 2024. In general, the Mexican company’s oil production has maintained a downward trend over the last decade. Pemex plans to reopen closed wells to boost oil production. Oil production in
Central bank purchases drove the biggest gain in gold prices since 2010 in 2024, at an average of 2,386.20 dollars per ounce, noted Mexican mining company Industrias Peñoles. That quote is almost similar to Monday’s price, when the spot gold price stood at $3,372.13 an ounce, as of
The United States leads in investment in electric vehicles in North America, according to the American Automotive Policy Council (AAPC). Of the total regional investment in this critical area, the United States has attracted 81 percent, followed by Canada (11 percent) and Mexico (8 percent). The AAPC represents
The impact of tariffs in Mexico and Canada has weakened the economies of both countries, according to IMEF, Inegi and the Fed. For starters, the Fed reflected this outlook at the joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve