Turkey and the United States were the world’s leading raisin exporters in 2023, according to data from the World Trade Organization (WTO). While external sales of raisins from Turkey grew 6%, to $508 million, those originating in the United States declined 22%, to $175 million. The Aegean region
Headquartered in Phoenix, Arizona, Freeport-McMoRan (FCX) believes it is the world’s largest molybdenum producer. FCX operates assets with significant proven and probable reserves of copper, gold and molybdenum. According to the U.S. Geological Survey (USGS), estimated world molybdenum production in 2023 increased at a 3% year-over-year rate to
The Mexican government expressed its concern over a new regulation being prepared by the U.S. government on connected vehicles. In a letter sent to the U.S. Department of Commerce, the Mexican Ministry of Economy expressed that this new regulation could impact the assembly process and significantly affect Mexico‘s
If he carries out his proposals to raise tariffs on all U.S. imports of goods, Donald Trump may severely damage the world trading system. Trump made proselytizing promises to raise tariffs to 10% on imports to the United States from around the world, 60% on imports from China
Mexico will break its auto parts production record in 2024, reaching 126.149 billion dollars, according to Gabriel Padilla, CEO of the National Auto Parts Industry (INA). This amount implies a year-on-year increase of 4.9 percent. From January to August 2024, Mexican auto parts exports totaled 72.55 billion dollars.
Semiconductor chip imports to China fell at a year-on-year rate of 16% in 2023, to US$377 billion. In 2022, China reduced these foreign purchases 3.9%, according to data from that country’s General Administration of Customs. Semiconductor chips are essential in the circuitry of various products. These include inverters,