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Tariffs rise, but USMCA keeps Canada and Mexico relatively shielded - BofA
The impact on effective tariff rates is expected to be moderate. BofA estimates these could rise to 4.2% for Canada and 6.9% for Mexico, up from 3.6% and 6.2%, respectively, due to the high share of USMCA-compliant goods in total trade flows.
The Mexican delegation in Washington expressed disagreement with the tariff announcement and considered it “unfair treatment, ...
US President Donald Trump has announced that all imports from the EU and Mexico will have a 30% tariff as of August 1. He ...
Almost half — 49% — of Ontario automotive businesses have paused or canceled investments because of the trade tensions.
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Mexico Trade Negotiator Says USMCA Discussions May Be Sped Up - MSNIn a separate webcast event on Thursday evening, Ebrard said that he had been worried about the “survival” of the USMCA, but after the tariff announcements on Wednesday that spared Mexico and ...
President Donald Trump has posted two new letters on his social media platform announcing tariffs on the European Union and ...
Mexico’s strong economic ties to the US have also worked in the peso’s favor. The US doesn’t intend to apply the 30% rate to ...
Mexico is projecting confidence that it will fend off a new set of 30% tariffs that President Donald Trump threatened last ...
Businesses typically pass tariff costs onto consumers through higher prices. Sometimes, that process is less subtle.
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