The impact of tariffs in Mexico and Canada has weakened the economies of both countries, according to IMEF, Inegi and the Fed. For starters, the Fed reflected this outlook at the joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve
China and the Middle East and North African Economies (MENA) top the ranking of the world’s top 15 trade corridors, reported the Monetary Authority of Singapore (MAS). Other regional blocs highlighted in this list are: The Association of Southeast Asian Nations (ASEAN). North America (United States, Mexico and
United States SME exports to Mexico and Canada represent two crucial drivers for these types of companies. Both nations are the top export destinations for U.S. SME products. In 2022 (most recent year available), more than 90,000 U.S. SMEs exported more than $83 billion in goods to Canada,
The manufacture of transportation equipment in Mexico accumulated four consecutive years of year-on-year growth in real terms, according to data from the Bank of Mexico (Banxico). However, this growth has slowed from 10.7% in 2022 to 1.3% in 2024. Mexican production includes automobiles, trucks, buses, four-wheelers, bodyworks, trailers,
U.S. beef production will fall in part due to a lower availability of steers imported from Mexico, projected the USDA. Mexico exports calves to the United States due to a lack of pasture and feedlots. In addition, the U.S. advantage in the availability of forage also plays a
The International Labor Organization (ILO) recommended policies that promote productive diversification. In addition, in its World Employment and Social Outlook (WESO), the ILO suggests strengthening domestic and regional demand. These strategies could increase employment resilience and reduce exposure to global trade shocks. Productive diversification Some 84 million workers