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,
Regional content per vehicle in Mexico and the United States increased 23% in 2023 compared to 2019, according to data from the Nuevo Leon Automotive Cluster. Thus, the regional content per vehicle increased from $23,923 to $29,457 per unit. The United States is the main trade and investment
The United States gave a message to Mexico on the role and regulation of Chinese state-owned enterprises. This issue has already been included in the Treaty between Mexico, the United States and Canada (USMCA), but could be discussed again in the context of the review of this trade
Grupo Herdez‘s mayonnaise exports stood out among the Mexican company’s foreign purchases in the third quarter of 2024. From July to September of this year, Grupo Herdez exports amounted to 982 million pesos, a year-on-year increase of 37.9%, driven mainly by mayonnaise. What is traditional mayonnaise made from?