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Overview of Foreign Trade 2025

Topics of Interest in Foreign Trade for 2025 - Just one month into the year, foreign trade has dominated international headlines, particularly in Mexico. This is largely due to statements and actions by United States...more

Policy Watch: Status of US 25% Tariffs on Mexican Imports

On February 1, 2025, President Trump imposed tariffs on imports from Canada, Mexico, and China, to take effect on February 4, 2025. The tariffs are an additional 25% ad valorem rate of duty to all imports from Canada and...more

North America Prepares for 2026 USMCA Review and Potential Renegotiation

The three parties to the United States – Mexico – Canada Agreement (USMCA) are beginning domestic consultations ahead of the scheduled 2026 joint review, which could lead to changes in the agreement. Under a novel provision...more

New tariff classifications will require Automatic Import Notices for steel products

On April 15th, the 'Agreement amending the agreement by which the Ministry of Economy issues General Rules and Criteria on Foreign Trade' (the 'Agreement')1 was published in the Official Gazette of the Federation, which will...more

The future of US-Latin America trade relations: What can we achieve in the next few years?

While the Washington Consensus policies resulted in seven years of economic growth in the 1990s, the years that followed brought about a period of recession and stagnation - 71% US trade with Latin America is dominated...more

USMCA Uniform Regulations Clarify Scope and Application of Steel and Aluminum Purchase Requirements for Passenger Vehicles, Light...

On June 3, 2020, the Office of the US Trade Representative (USTR) published an interim version of the Uniform Regulations concerning the interpretation, application, and administration of key provisions of the...more

The CPTPP Enters into Force: What Does it Mean for Global Trade?

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) entered into force on December 30, 2018. The Agreement will significantly impact trade among its ratifying Parties—currently including...more

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