“Mexico has achieved a remarkable milestone by surpassing $400 billion in two-way trade with the United States faster than any other nation in history. What’s even more significant is that Mexico is on the brink of a “trade trifecta,” leading the US in total trade, total exports, and total imports—a feat it has never accomplished […]
Is nearshoring slowing down in Mexico? 3 warning signs and 2 big opportunities
Nearshoring is considered one of the greatest opportunities for economic development in the region, but so far it has not reached its full potential in Mexico. Driven by the readjustments of supply chains following the Covid-19 pandemic and the trade war between the United States and China, this productive model remains one of the main […]
US Steel CEOs Urge Stricter Trade Measures Against Mexico
Nucor’s CEO raises concerns over rebar and other steel products, while Cliffs’ CEO accuses Mexico of “bad behavior” in the steel market. The US government has imposed tariffs on steel and aluminum shipments arriving from Mexico to prevent China from circumventing existing levies. However, top executives at two major US steelmakers believe that more needs […]
Building Resiliency: Why Mexico Is Crucial To The U.S. Reshoring Strategy
To enhance sourcing options for customers, I have devoted time exploring and reflecting on four significant global manufacturing regions (India, Mexico, the United States, and China) and their roles in a comprehensive supply chain diversification strategy. Supply chain management remains an increasingly daunting task, particularly given the pressure to achieve more with less amidst growing […]
Mexican Peso hurt by Banxico’s Deputy Mejia’s dovish stance
The Mexican Peso (MXN) has been negatively impacted by Banxico’s Deputy Governor Omar Mejia Castelazo’s dovish stance, resulting in a decline of over 1% in its value against the US Dollar (USD). The USD/ MXN exchange rate has risen to 17.80, with the US Dollar Index (DXY) reaching 104.18 as investors seek safe-haven assets following […]
Mexican Peso Sees 3-Day High as US Dollar Weakness Boosts Emerging Markets Currency
The Mexican Peso ended the week with a 1% gain, reaching a three-day high against the US Dollar on Friday. The currency’s appreciation came despite mixed US jobs data, which sparked speculation that the Federal Reserve may cut interest rates in September. Wall Street trading was mixed, while the US Dollar staged a slight recovery […]
How some young Canadians are saving money by embracing the digital nomad lifestyle
For some young Canadians, embracing the digital nomad lifestyle has become an attractive way to save money and travel the world. Grayson Allen, a 30-year-old content creator from Vancouver, is one such example. For the past two and a half years, he has worked remotely in various countries, including the UK, Colombia, Ecuador, Mexico, and […]
Querétaro has grown by 21% in 10 years
A reflection of the state’s consolidation as an expanding industrial center, says UAQ specialist Querétaro has experienced a population growth of 21% between 2012 and 2022. This significant increase in population is a reflection of the state’s consolidation as a major industrial center in Mexico, which is established in new residential developments being built on […]
The Prospect of Low-Priced Chinese EVs Reaching the US from Mexico Poses a Threat to Automakers
The American auto industry faces a daunting scenario: Chinese carmakers establishing operations in Mexico to exploit North American trade rules, then flooding the United States with ultra-low-priced electric vehicles (EVs). As these Chinese EVs hit the US market, domestically produced EVs — which cost an average of $55,000, roughly double the price of their Chinese […]
Pemex Defers Tax Payments Amid $100 Billion Debt Struggle
Mexico has granted Pemex (officially known as Petroleos Mexicanos) a deferral for its June monthly tax payments, extending the deadline to July 31. This move comes as the government continues to support the state oil giant, which has been burdened by a staggering $100 billion debt for years. The deferral specifically applies to the so-called […]