Mexico's President López Obrador on Trump's Tariffs: "Nobody Wins"
The President of Mexico, Andrés Manuel López Obrador, commented on the recent decisions made by former U.S. President Donald Trump regarding tariffs on Mexican goods. In his statement, López Obrador emphasized that such measures do not benefit either side. He insists that the imposition of tariffs only deteriorates economic relations between the two neighboring countries, undermining years of efforts to create closer trade ties with the U.S.
Continue reading
Canada and Mexico Impose Retaliatory Tariffs on US Imports
Canada and Mexico have announced retaliatory tariffs on goods imported from the United States in response to actions taken by President Donald Trump's administration. These trade measures were implemented following Trump’s previously imposed tariffs on aluminum and steel, which drew significant backlash from both neighboring countries. Both countries are actively seeking to protect their economic interests and support national production.
Continue reading
Mexico May Retaliate with Its Own Tariffs After Trump's Threats
In light of recent threats from former U.S. President Donald Trump regarding the imposition of new tariffs on Mexican goods, Mexican President Andres Manuel Lopez Obrador asserted that the country might respond with similar measures. Obrador emphasized that if Trump proceeds with his plans, it would negatively impact both economies.
Continue reading
Mexico Places Greater Emphasis on Sustainable Bonds Overseas
The Mexican government has announced its intentions to increase the issuance of sustainable bonds in international markets. This initiative is aimed at attracting investments for eco-friendly projects and supporting sustainable development within the country. Over the past year, the government has already taken a significant step in this area by issuing several green bonds, which have helped raise substantial financial resources for the implementation of environmental initiatives.
Continue reading
Mexico's Finance Team to Remain in Sheinbaum Administration
Recent announcements have confirmed that Mexico's finance team will continue their work under the new government led by presidential candidate Claudia Sheinbaum. This decision has been seen as a sign of stability and consistency in the country's economic policy, as the team, led by the finance minister, has demonstrated its ability to adapt to changing economic conditions.
Continue reading
A New Hurricane Approaches the US Coast from the Gulf of Mexico
A tropical storm is currently forming in the Gulf of Mexico, which is expected to develop into a hurricane and make landfall on the US coast in the coming days. Meteorologists are warning of potential consequences associated with heavy rainfall, high winds, and flooding in coastal areas. The storm is anticipated to strengthen gradually, raising serious concerns among residents, particularly in the southern and eastern parts of the country.
Continue reading
Annual Inflation in Mexico Slows Ahead of Banxico Rate Decision
Recent data released in Mexico has shown that annual inflation has decreased, raising speculations about the future decision by the Bank of Mexico (Banxico) regarding interest rates. In August 2024, the inflation rate stood at 4.9%, significantly lower than the previous month and beneath the expectations of analysts. This development comes just ahead of the central bank's meeting scheduled for next week, and it could influence their decision on the key interest rate.
Continue reading
Mexican Economist Ponders: Price Volatility Clouds Inflation Forecasts
In a recent interview, Ivonne Heath, an economist at the Bank of Mexico, expressed deep concern regarding the instability of food prices, which continues to significantly impact inflation in the country. She stated that volatility in the agricultural sector, combined with external economic challenges, is leading to unpredictable pricing of essential goods, making effective forecasting of consumer prices increasingly difficult.
Continue reading
BYD Pauses Mexico Plant Until After US Elections
Chinese electric vehicle manufacturer BYD has decided to temporarily halt the construction of a new plant in Mexico. This move comes amid the anticipation of the outcomes of the US elections, which are scheduled for November 2024. The party that wins the election could significantly influence trade policies and economic conditions in the region, rendering the current situation uncertain for investments in new manufacturing capabilities.
Continue reading
Mexican Fintech to Invest $100 Million in Colombia's Unbanked Sector
A Mexican fintech company, renowned for its innovative solutions, has announced plans to invest $100 million in expanding its presence in the Colombian market. This initiative aims to address the funding issues faced by populations without access to traditional banking services.
Continue reading