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Afraid of losing the US-Canada trade pact, Mexico alters its laws and removes Chinese parts

  • Mexico is altering its laws to remove Chinese parts to ensure its inclusion in the U.S.-Mexico-Canada trade pact, fearing a potential adverse political shift.
  • President Claudia Sheinbaum announced a campaign to replace Chinese imports with locally made products to strengthen trade ties.
  • The Mexican government plans to start making microchips next year, aiming to sustain its crucial trade relationship with the U.S. Amid geopolitical tensions.
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intellinews.comintellinews.com

Mexico devises strategy to shield exports from US tariffs under Trump

Mexico is taking decisive steps to protect its trade interests with the United States amid growing concerns over potential tariffs on its exports under the incoming Trump administration.

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The Last RefugeThe Last Refuge

Fearing Trump Compliance Demand - Mexico Quickly Looking for Alternatives to Chinese Parts and Components - The Last Refuge

Boy howdy, this article by The Associated Press is very telling. First, it’s worth remembering that in the fine print of the USMCA deal, Mexico and Canada must comply with North American parts origination for anything they want to manufacture for sale into the United States.  Meaning, all trade manufacturers must either create their component […]

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Boston HeraldBoston Herald

Mexico alters its laws and removes Chinese parts to stay in North American free trade pact

Mexico has been taking a bashing lately for allegedly serving as a conduit for Chinese parts and products into North America, and officials here are afraid a re-elected Donald Trump or politically struggling Canadian Prime Minister Justin Trudeau could try to leave their country out of the U.S.-Mexico-Canada free trade agreement. Mexico’s ruling Morena party is so afraid of losing the trade deal that President Claudia Sheinbaum said Friday the g…

·Boston, United States
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DNyuzDNyuz
+3 Reposted by 3 other sources

Mexico Fears Loss of US-Canada Trade, Scrambles to Replace Chinese Parts

Mexican officials fear that rising tensions with the United States and Canada, in which they allege are serving as a conduit for Chinese parts and products into North America, could jeopardize their nation’s inclusion in the U.S.-Mexico-Canada Agreement (USMCA) as Mexico scrambles to replace the Chinese auto parts and products. What Is USMCA? The USMCA, signed in 2020 during Trump’s first term, is the president-elect’s replacement of the 25-year…

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South China Morning PostSouth China Morning Post

Mexico ditches Chinese products amid fears of exclusion from US-Canada trade pact

Mexican officials fear their country could be left out of the USMCA over alleged trade in Chinese steel and automotive products.

·Hong Kong
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Firstpost NewsFirstpost News

Mexico fears losing US-Canada trade pact, to alter its laws and remove Chinese parts

Mexico’s ruling Morena party is so afraid of losing the trade deal that President Claudia Sheinbaum said Friday the government has gone on a campaign to get companies to replace Chinese parts with locally made ones.

·Mumbai, India
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  • 59% of the sources are Center
59% Center
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canadanewsvideo.com broke the news in on Friday, November 22, 2024.
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