Mexico‘s tariff payments to the United States exceeds 10% of total exports to that destination, informed Marcelo Ebrard, Secretary of Economy, on Tuesday. Imports of products to the U.S. market from Mexico grew at a year-on-year rate of 6.4% in 2024, to a record $505.851 billion dollars, with
Sweden announced on May 13 that it will propose European Union membership in CPTPP, a 12-nation trade agreement. Sweden’s proposal aims to strengthen trade ties with Pacific nations and better address U.S. President Donald Trump’s tariff policy. European Union membership in CPTPP The European Commission reaffirmed in 2021
Ocean freight rates doubled last week, reaching US$2,900, MTM Logix reported. Mario Veraldo, CEO of MTM Logix, explained that in the world of logistics, the numbers usually tell the story. But what happens when those numbers double overnight? Last week, ocean freight rates went from $1,400 to $2,900.
The global crises have strengthened the links and integration of North American production, said Marcelo Ebrard, Mexico‘s Secretary of Economy. More than 50% of trade between Mexico, the United States and Canada corresponds to intermediate products. In other words, components, parts and other inputs that cross borders before
One of Donald Trump’s mistakes in the integration of North America is to violate the Treaty between Mexico, the United States and Canada (USMCA). Many analysts agree that the United States must deepen its alliance with Canada and Mexico in order to compete with Asia and, in particular,
How many economic development poles for welfare are there in Mexico? The answer is 25, already in operation or authorized. In addition to these, there are 26 others that are in the process of evaluation or that were proposed by the state governments. The balance was made this