MEXICO TRADE UPDATE
US-friendly nations slash treasury purchases by 60%, led by Asia
In the first eight months of 2026, countries aligned with the US purchased a net total of $174.3 billion in Treasuries. This amount represents a significant decline, reflecting a drop of over 60% from the previous year. It marks the lowest investment level recorded for this period since 2021. The data highlights a shift in fiscal relationships between the US and its partners.
Piyush Goyal says India-Chile FTA talks ' quite ripe' for conclusion, Canada negotiations making progress
India is making progress on free trade agreements (FTAs) with several countries, with negotiations with Chile nearing conclusion and talks with Canada advancing, Commerce and Industry Minister Piyush Goyal has said. Discussions with the Southern African Customs Union have recently begun, while efforts to expand trade arrangements with Mercosur continue. Talks with the Gulf Cooperation Council and Israel remain slow amid the West Asia crisis.
PM Modi's free trade push could lead to $140 billion GDP gain for India
A more protectionist US could unexpectedly benefit India as New Delhi expands its free-trade agreements (FTAs) to diversify export markets and attract investment. A World Trade Organization-based model estimates that India’s concluded and proposed trade deals, including agreements with the EU and New Zealand, could add about $140 billion to GDP by 2035, lifting it 1.7% above the baseline.
Will analysts' predictions go wrong? 15 auto stocks with upside potential of up to 50% to as low as negative 1%
For anyone trying to figure out where the economy is headed in the next six months, the numbers to watch will come from auto showrooms. The auto sector has, for long, provided the earliest indications of the health of the economy. And the sales numbers it puts out ahead of the festive weeks are where the correlation is best seen. So, keep a close watch on the auto pack.
Tesla is browbeating the EU to approve its 'Full Self-Driving' tech. The pressure is working
Tesla is involved in a campaign to secure EU approval for its Full Self-Driving technology. The automaker faces criticism regarding the validity of its safety research and claims. European regulators are examining the methodology behind Tesla's assertions of crash reduction performance. Tesla officials have engaged in discussions with various regulators to alleviate concerns over the technology. The outcome of this push could significantly impact Tesla's market presence in Europe.
US hiring appetite is healthy as economy powers ahead
The labor market in the US is poised for notable growth as nonfarm payrolls are anticipated to climb in September. Economists foresee the unemployment rate holding steady at a low 4.1%. Promising economic data highlights strong consumer spending and substantial capital investments, painting a picture of economic resilience.
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Howard Buffett to take charge as Berkshire Hathaway chairman: Who is he?
Howard Buffett is set to become Berkshire Hathaway's new chairman, succeeding his father Warren Buffett, who will become chairman emeritus. The 71-year-old has served on Berkshire's board for 33 years and is expected to focus on preserving its culture. His career spans business, farming, conservation, law enforcement and philanthropy.
'South Park' becomes 'South America' as creators mock Trump's renaming spree
South Park creators satirically renamed their show "South America" in response to President Trump's rebranding efforts. This move also targets tech companies like Apple and Google for complying with federal name changes. The show's name change appeared on its X account, while other platforms remained unchanged. President Trump has directed renaming of geographic landmarks, escalating trade disputes with Canada.
Trump's map wars continue: After Google's switch, Apple asked to rename Lake Ontario 'Lake America' too
President Trump requested Apple rename Lake Ontario to 'Lake America' on its Maps app. This move follows an executive order and escalates trade tensions with Canada. Google Maps has already updated its platform for United States users. Canadian officials have criticized the renaming, citing treaty violations. Indigenous groups also voiced concerns over the disregard for original names.
Google Maps will show 'Lake America' in US, not 'Lake Ontario'
In a surprising move, Google Maps has transformed Lake Ontario into Lake America for users in the United States, following an executive order from President Donald Trump aimed at altering map standards. While Canadian users will still view the traditional name, both titles will appear for international users, marking a notable response to ongoing trade tensions between the US and Canada.
Piyush Goyal to visit US in September for G20 trade meet, talks with USTR Greer
Commerce Minister Piyush Goyal will visit the US in late September for important trade discussions. He will attend the G20 Trade Ministerial and meet with USTR Jamieson Greer. Trade pact issues and boosting two-way commerce will be key discussion points. India seeks a comparative advantage for its goods in the US market. This visit is crucial for ongoing bilateral trade agreement negotiations.
Piyush Goyal likely to visit US for G20 trade ministers meet next month
Piyush Goyal, India's Commerce Minister, will travel to the United States, participating in the pivotal G20 Trade Ministerial meeting. His schedule includes crucial discussions with international counterparts aimed at reinforcing trade and investment ties. The ministerial will address significant topics such as forced labor and the weaponization of trade, while negotiations are ongoing for a bilateral trade agreement that promises to deliver substantial advantages for India.
Company at center of US cyclospora outbreak complained to White House, source says
Taylor Farms complained to White House and FDA officials about government inspections. The company suspended operations in central Mexico after lettuce was linked to an outbreak. Health authorities confirmed thousands of cases of the parasitic disease cyclosporiasis. Former FDA chief suggested other produce from central Mexico could be involved. The true scope of the outbreak is likely much larger than reported.
Mexico, EU lower tariffs in bid to grow non-US trade
Earlier this week, the European Union moved to end a trade standoff with Trump by agreeing to implement a deal signed last year with the US, which sets tariffs on most European goods at 15 percent.
US, Canada issues advisory to their citizens in Mexico after killing of El Mencho
The killing of powerful cartel leader El Mencho has sparked violence across Mexico. The US and Canada have issued safety advisories for their citizens. Authorities urge people to shelter in place and avoid affected areas. The violence has led to road blockages and disruptions. Air Canada has suspended flights to Puerto Vallarta. Security forces are responding to the ongoing situation.
Supreme Court of the United States strikes down Trump tariffs — here’s which levies are affected
The nation's highest court has ruled against President Donald Trump's broad tariffs. The decision invalidates taxes imposed using an emergency powers law. Many other tariffs remain in place. Trump still has options to continue taxing imports aggressively. This ruling impacts tariffs on goods from nearly every country.
How Mexico’s new Electronic Value Manifestation rules could affect Indian exporters
Mexico has postponed its new Electronic Value Manifestation system. Companies now have until March 31, 2026, for a transition period. Full compliance begins April 1, 2026. This gives businesses more time but does not reduce strict documentation and contract demands. Indian exporters must prepare for increased compliance.
Amid Trump heat, EAM Jaishankar meets EU peers; Brazil, Mexico ministers join in
External Affairs Minister S. Jaishankar attended an informal meeting of EU foreign ministers on the sidelines of the UNGA in New York, hosted by EU foreign affairs chief Kaja Kallas. The discussion, which also included ministers from Brazil and Mexico, covered multilateralism, India-EU ties, the Ukraine conflict, Gaza, energy, and trade.
Trudeau not willing to lift Canada's retaliatory tariffs if Trump leaves some tariffs on Canada
Canadian Prime Minister Justin Trudeau is firm on not lifting retaliatory tariffs unless Trump removes all tariffs on Canada. While Trump may announce carveouts or temporary relief for certain sectors, Canada insists on complete tariff removal, as stated by Finance Minister Dominic LeBlanc.
Donald Trump administration signals that the tariffs against Canada and Mexico may soon have exemptions
Commerce Secretary Howard Lutnick hinted at possible exclusions to President Trump's 25% tariffs on Canada and Mexico, citing the potential for changes in specific sectors like autos. Trump plans to update his tariff strategy, with new announcements expected Wednesday afternoon. These tariffs have sparked concerns about trade wars and economic impacts, prompting discussions with Canada and Mexico.
Trump tariffs: What's been done and what is to come?
From tariffs to counter "unfair trade" to duties over illegal immigration and fentanyl smuggling, President Donald Trump has unleashed a flurry of levies since taking office, sparking fears of a widening trade war. Trump has cited a lack of progress on the flow of drugs such as fentanyl into the United States as justification for the levies.
Donald Trump plans tariffs on Mexico and Canada from Tuesday, while doubling existing 10% tariffs on China
President Trump plans to impose tariffs on Canada and Mexico starting Tuesday, including doubling tariffs on China. He aims to address drug smuggling, particularly fentanyl. The tariffs are expected to impact the global economy, raising concerns about inflation and economic growth among consumers and manufacturers.
Job cuts in USA looms after Donald Trump tariffs? Justin Trudeau makes ominous predictions
Donald Trump says the measures will aid struggling industries in the United States.
Trump to speak with China's Xi on Tuesday, trade adviser Navarro says
U.S. President Donald Trump is set to speak with Chinese President Xi Jinping following the imposition of new 10% tariffs on Chinese imports. China's retaliatory tariffs and possible sanctions on companies like Google are in response to Trump's duties. Navarro emphasized the tariffs' impact on U.S. consumers will be measured and data-driven.
No rush to get goods into U.S. before possible tariffs
Trump said after taking office that the United States would apply tariffs of 25% on imports from Canada and Mexico, contending that they were allowing "mass numbers of people to come in and fentanyl to come in."
Will cars priced below $30,000 disappear? Trump's tariff plan to hit affordable vehicles the hardest
The US car industry has a 'big case of anxiety' about President-elect Donald Trump's proposed 25 percent tariff on Mexico and Canada imports. The automotive sector could get hit by Donald Trump's proposed tariffs on Mexico and Canada. Trump's tariff proposal could add about $3,000 to the average cost of every car sold in the US.
Canada updates policy related to intra-company transferees: Check all details
On October 3, Canada updated its guidance regarding Intra-Company Transferees (ICTs) as part of the Immigration, Citizenship and Refugees Canada (IRCC) revisions to section R205(a). Key changes clarify that ICTs must be transfers from existing multinational corporations (MNCs) and provide guidance on assessing "specialized knowledge" required for applicants.
India needs new markets for rice exports, says industry
"Before other countries extend their market share, there is merit in establishing trade relationships."
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