Tesla will build an electric car production plant in Monterrey, Mexico, Bloomberg reported Friday, citing sources who requested anonymity. The company is focused on fine-tuning all of its production vehicles to their installed production capacities, as well as increasing the capacity of its existing factories. As of early
Although there is a well-established direct supply chain for asset procurement, many manufacturers, retailers, businesses and government agencies have recognized the growing need for reverse logistics solutions. For example, according to Allied Market Research (Reverse Logistics Market by Return Type: Global Opportunity and Industry Forecast 2021-2028), the global
The Customs Tariff of the United States, known as the HTSUS, is the legal instrument that determines the classification of imported goods and the applicable tariffs. The HTSUS is based on the World Customs Organization (WCO) Harmonized System nomenclature for Chapters 1 through 97 at the HS 6-digit
The United States is a leading producer and exporter of goods and services that incorporate intellectual property, according to a World Trade Organization (WTO) report. According to estimates, intellectual property is present in approximately 60% of U.S. merchandise exports and more than one-third of U.S. GDP is generated
The four strategic sectors in which Mexico wants to increase domestic content are: electrical-electronics, pharmaceuticals and medical devices, electromobility and semiconductors. According to the Mexican government, the policy to increase domestic content will be the main driver of growth for Mexican small and medium-sized enterprises (SMEs), as well
The Mexico-U.S.-Canada Agreement (USMCA), in addition to product-specific rules, incorporates a Labor Value Content (LVC) requirement for automotive goods. Under this requirement, passenger cars and trucks are considered originating only if a certain percentage of their value is produced by employees whose minimum hourly wage is $16. The