The Congressional Budget Office (CBO) projects that business investment in the United States (fixed and in real terms) will increase 6.6% from the fourth quarter of 2021 to the fourth quarter of 2022. Business investment includes the purchase of new equipment, nonresidential structures, and intellectual property products, such
The customs of Mexico implemented facilities to carry out imports by parcel from the United States, highlighted the Department of Commerce. Indeed, on May 9, 2022, the Mexican Ministry of Economy published an updated agreement on the General Rules and Criteria for Foreign Trade, as described below. This
On Tuesday, Mitsubishi Electric Corporation announced an investment of approximately 2.2 billion Indian rupees (US$ 28 million) into its subsidiary, Mitsubishi Electric India. The investment will fund the establishment of a new factory in India. This facility is set to begin operations in December 2023. It will produce
Canada, Mexico, China, Japan and Germany ranked, in descending order, as the top trading partners of the United States in the first four months of 2022, considering only goods, not services. This is how their participation in trade with the United States (imports plus imports) turned out: Canada
Mexico and Canada increased their exports of products to the US market in April, 20.9 and 38.4%, respectively, the Department of Commerce reported on Tuesday. With this, Mexican sales reached 38,874 million dollars and Canadian sales were 38,075 million. In general, the growth of foreign sales measured in
Xiaomi Corporation builds a new smartphone factory in Beijing, China, with an annual production capacity of 10 million units. In 2021, the company’s global smartphone shipments grew 30% year-on-year to a record 190.3 million units. The new factory will start production next year, according to statements by Lei