China may be circumventing U.S. tariffs through Mexico, according to a Brookings Institution analysis. Source: reforma
China investigates Mexico’s tariffs and trade restrictions
On September 25, the Chinese government launched an internal investigation “into barriers to trade and investment in Mexico.” This is due to the modifications proposed by President Claudia Sehinbaum Pardo’s administration to at least 1,400 tariff items, “a measure that would seriously harm the trade and investment interests of Chinese companies,” the Chinese Ministry of […]
Russia studies Mexico’s plan to raise tariffs on imports
Russia is analyzing the Mexican government’s plans to raise tariffs on imports of Russian products from the current 20 percent to 50 percent by 2026, the ambassador to the Latin American country, Nikolai Sofinsky, said. “The aforementioned plan by the Mexican authorities was announced recently. Russia is studying this matter and will pay due attention […]
513 kilos of cocaine from Argentina hidden among industrial machinery seized in Mérida
An operation by the National Police and Customs Surveillance has resulted in the seizure of 513 kilos of cocaine hidden in the false bottom of a heavy industrial machine, which was shipped from Argentina to an industrial warehouse in Mérida, Extremadura. The operation, together with the Argentine Federal Police and the Peruvian National Police, has […]
Cancun airport owner close to buying Banamex
Fernando Chico Pardo, 73, the main shareholder of Asur, which includes the Cancún airport, is one step away from acquiring 50% of Banamex in two phases. Citi would then be sold, and Carlos Slim Helú, who was Carlos Slim Helú’s banker at Imbursa for many years, would crown his business career. He had previously attempted […]
Scott Bessent gives Mexico an ultimatum: Trade negotiations must conclude by October.
Eleven days after President Claudia Sheinbaum announced a pause in tariffs on Mexico, US Treasury Secretary Scott Bessent set a deadline for reaching a trade agreement with the Trump administration. Bessent stated that the US plans to conclude negotiations with countries that have not yet secured a trade agreement by the end of October, according […]
Cautiously amid US financial measures, the Real Estate Association reports a drop in sales of “plus” homes.
The Querétaro Real Estate Association (AQI) reported a decrease in the sale of “plus” homes, valued at approximately 20 million pesos. President Guadalupe Zarazúa mentioned that this is because investors in these properties prefer to be cautious in the face of US economic policies. Therefore, this year the real estate agents’ association perceived a slowdown […]
Mexico’s strong copper export business is aimed at Asia, not the US.
In Cananea and Nacozari, copper never sleeps. The earth opens, the rock creaks, and the metal flows. But it doesn’t head toward Texas or Arizona. It goes straight to the Pacific. It goes to China and Japan, where it commands higher prices, is refined, and is consumed. While Donald Trump launches a new tariff on […]
Mexico and the U.S. join forces to reduce wastewater flow between Tijuana and San Diego.
The governments of Mexico and the United States reached an agreement on Thursday aimed at finding a permanent solution to a crisis in which Mexican wastewater has flowed for decades into the Tijuana River and across the US border, emptying into the Pacific Ocean near San Diego. U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin […]
The Mexican peso appreciates against the dollar after comments from the Fed governor.
The Mexican peso is gaining ground against the dollar this Friday morning. The local currency is gaining ground after Federal Reserve (Fed) Governor Christopher Waller said yesterday that he continues to believe the central bank should cut rates this month. The spot exchange rate is at 18.7178 per dollar. Compared to yesterday’s close of 18.7569, […]