Monday’s tweet from Mexico’s economy ministry stated that US Commerce Secretary Gina Raimondo and her Mexico counterpart discussed strengthening regional markets and encouraged the relocalization of U.S. enterprises to Mexico. The call takes place days after Mexican Economy Minister Raquel Buenrostro, who assumed her position in October, spoke with U.S. Trade Representative Katherine Tai about … Read more
The Biden administration is considering removing some Trump-era tariffs on Chinese imports. This is to contain domestic inflation, according to local media and US Commerce Secretary Gina Raimondo. Lifting duties on things like household goods and bicycles “may make sense,” she told reporters. The Biden administration is considering removing some Trump-era tariffs on Chinese imports … Read more
President Biden’s new executive order on solar panels, and Americans’ economic pessimism. Commerce Secretary Gina Raimondo reiterated that inflation will fall, but she avoided addressing the suggestion that she was incorrect to label it “temporary” nearly a year ago. Prices have jumped 59 cents in the last month, from an average of $4.28 a month … Read more
Shares in Asia and Europe rose on Monday, but risk appetite ebbed after being higher earlier in the day. The dollar gained against the euro ahead of the European Central Bank’s policy meeting. Sterling rose ahead of a confidence vote in Parliament that Prime Minister Boris Johnson won. Worldwide stocks markets rose on Monday on … Read more
WASHINGTON: The United States will ease tariffs on steel imported from Japan, officials announced on Monday, in the latest move by President Joe Biden’s administration to resolve trade disputes started under his predecessor Donald Trump. Beginning in April, Japan will be allowed to pay lower duties on exports of up to 1.25 million tons of … Read more
