USMCA rules of origin led to a reduction in Mexican vehicle exports in 2024, according to an analysis by the United States International Trade Commission (USITC). However, the decrease was marginal compared to total Mexican exports of these products. Rules of origin are the criteria necessary to determine
Section 232 tariffs have weakened the U.S. auto industry, according to U.S. manufacturers. An earlier model by the International Trade Commission (USITC) estimated that Section 232 tariffs led to an increase in the domestic supply of certain steel and aluminum products. The reference for this conclusion was included
Mining production in Mexico has shown a downward trend over the last two years. In real terms, the country’s mining GDP fell from 4.1% in 2022 to 0.1% in 2023. The following year, it fell by 4.3%, according to Inegi data. These figures are based on GDP calculated
The U.S. government announced Monday the gradual opening of cattle, bison and equine imports from Mexico. As of May 11, the U.S. government suspended imports due to findings of screwworm in southern Mexico. In a press release, U.S. Secretary of Agriculture Brooke L. Rollins announced the risk-based reopening
Among the largest origins of FDI to Mexico in the last five-year period, from 2020 to 2024, the United States and Canada accounted for more than half of these inflows. Together, both nations accounted for 52.6% of total FDI inflows to the Mexican economy in the period. Separately,
Two organizations in Mexico, CAAAREM and Concamin, are working towards the signing of an agreement to combat smuggling and undervaluation. The progress towards this agreement was highlighted by Miguel Cos Nesbitt, president of CAAAREM. Cos Nesbitt held a working meeting with the head of Mexico’s National Customs Agency