Tariffs on a set of products announced by the United States will impact world nickel demand over the next three years, according to Australian government projections. Global consumption of the mineral was 3 million 192,000 tons in 2023. U.S. tariffs On May 14, 2024, President Joe Biden’s administration
Value added in U.S. manufacturing production grew 5.8% year-over-year in 2023, to $2.8 trillion. This value consists of this industry’s contribution to Gross Domestic Product (GDP). Manufacturing value added as a percentage of GDP was 10.1% in the first quarter of 2024. U.S. industry To note: An industry’s
Brazil ranks second in the world in chicken meat production and Mexico is its ninth largest export destination for this product. Second only to the United States (21 million tons), Brazil produced 14.8 million tons of chicken meat in 2023. Poultry meat market Of this amount, Brazil exported
The White House Trade Representative (USTR) released an estimate of U.S. content in vehicles assembled in Mexico and Canada. In the case of Canada, this coverage is 50 percent. For Mexico, it is 35 percent. USMCA automotive rules The calculations are based on an economic model provided by
Chinese electric car imports to the United States fell at a year-on-year rate of 43.9% from January to July 2024, to $81 million. China ranks ninth among the top sources of foreign purchases of electric vehicles, a ranking led by Mexico. On May 14, 2024, the Biden administration
Companies have increased tariff payments on auto parts imported to the United States from Mexico and Canada. Of the total of these foreign purchases to the United States from its two main trading partners, 7.5% entered with tariff payments in 2018 and that ratio escalated to 20.5% in