Tariff hikes, levying 5 to 50 percent in additional import costs, have kicked in for 544 products entering Mexico. The higher rates only apply to countries without free trade pacts with the Latin American country, which includes China – its second-largest trading partner and a growing source of shipments over the last two years. “[The … Read More
The new tariffs, seen as a response to US concern about Chinese steel and other goods entering the North American country, will also be imposed on aluminum, textiles, and plastics. Once in force, the tariffs could reduce Mexican imports by $6 billion to $7 billion, said Rodrigo Mariscal, head of the Economic Planning unit at the … Read More
The U.S. and the Philippines are in discussions over ways to prevent China from dominating nickel processing in the Southeast Asian nation, a key supplier of the metal that’s crucial for electric vehicle batteries. One measure under consideration is a trilateral arrangement through which the Philippines would supply raw nickel material, the U.S. would provide financing, and a … Read More
“We expect the European Commission to impose duties in the 15-30 percent range. But even if the duties come in at the higher end of this range, some China-based producers will still be able to generate comfortable profit margins on the cars they export to Europe because of the substantial cost advantages they enjoy,” the … Read More
Mexican authorities assert that the federal government has the duty to implement the necessary mechanisms to generate stability in domestic industry sectors and provide for the elimination of trade distortions, in an effort to safeguard the balance of the global market in accordance with international law and Mexico’s international commitments. The authorities add that, as … Read More
French President Emmanuel Macron warned Thursday that Europe faces possible demise if it does not take bold action to tackle U.S. and Chinese protectionism, amid serious geopolitical threats from authoritarian regimes. In a bleak and solemn speech delivered at the Sorbonne University in Paris that frequently returned to the theme of a fast-changing global order, … Read More
“Stakeholder concerns remain about long-standing issues including technology transfer, trade secrets, counterfeiting, online piracy, copyright law, and patent and related policies,” the Office of the US Trade Representative said in an annual report released Thursday on the state of IP protection and enforcement among America’s trading partners. “China needs to complete the full range of … Read More
About 33 percent of Chinese companies surveyed reported a deterioration in the business environment within the European Union in 2023, according to a report released by China’s top foreign trade and investment promotion agency on Sunday. Some EU member economies have developed a toolkit of protectionist policies, which have made it more difficult for foreign … Read More
Drs. Glynn Tonsor (Kansas State University) and Derrell Peel (Oklahoma State University)implore their readers to be discerning students of the trade data influencing their business, sifting out the noise and meaningless talking points related to trade policy: Given persistent misunderstanding and market dynamics in the global marketplace, periodic updated assessments are encouraged. Read the article.
China can withstand any new tariffs the world throws at it – even the punitive ones Donald Trump is planning if he wins a second presidential term – because its prices are simply too competitive to resist. That’s the predominant view at this month’s Canton Fair. Many buyers and sellers at China’s biggest trade event, held in … Read More
