Customs in China have increased their use of artificial intelligence and machine learning. In 2024, China imported goods with a customs value of US$2 trillion 587 billion, a year-on-year rise of 1%, according to data from the World Trade Organization (WTO). More and more customs offices around the
A U.S. federal trade court approved blocking reciprocal tariffs authorized by President Donald Trump. Reciprocal tariffs are one of the main planks of Trump’s tariff policy. A three-judge panel of the U.S. Court of International Trade unanimously ruled against the reciprocal tariffs imposed by Trump, noting that they
Steel overcapacity and cheap steel affect more sustainable production and the green transition. To understand this problem, it must be taken into account that there are two dominant types of production. On the one hand, the BF-BOF (Blast Furnace-Basic Oxygen Furnace) process is the traditional method of steel
North American governments have taken steps to address global steel overcapacity. In its OECD Steel Outlook 2025 report released Monday, the OECD projects a 6.7% increase in world steel production capacity between 2025 and 2027, with an additional 165 million metric tons over that period. In 2024, global
FDI as a percentage of GDP in Mexico dropped from 3.0% in 2015 to 2.0% in 2024, reported the Ministry of Economy. Mexico attracted US$36.872 billion of FDI in 2024 and, more recently, US$21.373 billion in the first quarter of 2025. Both amounts imply records considering preliminary figures.
Plan Mexico aims to attract investments derived from the New North American Economy (NEN), highlighted Marcelo Ebrard, Secretary of Economy. On the one hand, Plan Mexico has an anti-cyclical component, to attract investments in industry, infrastructure and services. On the other hand, it has a component to prepare