Tag #Nearshoring

Showing 1 to 11 of 11 results

elpais.com
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Mexico's Economic Vulnerability Amidst US Trade Tensions

Mexico faces significant economic risks due to its heavy trade reliance on the US, as evidenced by the EU's recent trade deal with the US resulting in a 15% tariff; the upcoming 2026 USMCA review presents a critical juncture for Mexico to mitigate potential negative impacts.

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56% Bias Score

Decent Work and Economic Growth
cnn.com
🌐 85% Global Worthiness
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US Tariffs Drive World Emblem's Manufacturing Shift to Dominican Republic

Facing steep US tariffs, World Emblem, the world's largest clothing patch producer, is moving 30–35% of its manufacturing from Mexico and China to the Dominican Republic, expecting seven-figure annual savings and opening a new 100,000 sq ft plant next year, driven by the Dominican Republic's free zo...

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40% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 85% Global Worthiness
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Mexico's Peso Plummets Despite Tariff Exemption Amidst Global Market Turmoil

Despite being excluded from new US tariffs, Mexico's peso experienced a significant devaluation this week (1.32% on Monday alone, 3.88% since Thursday), due to global market reactions to the US-China trade war and investors' flight to safer assets.

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36% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 85% Global Worthiness
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Mexico's revised nearshoring strategy to counter Trump's tariffs

President Trump's tariffs threaten to reverse the nearshoring trend in Mexico, prompting a need for a revised strategy to attract US businesses and showcase Mexico's role in solving the US trade deficit, focusing on specific projects for mutual benefit.

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36% Bias Score

Decent Work and Economic Growth
dw.com
🌐 85% Global Worthiness
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US Tariff Uncertainty Threatens Mexico's Nearshoring Boom

Mexico's $36 billion in foreign direct investment through September 2024 is jeopardized by US President Trump's announcement and subsequent suspension of 25% tariffs on Mexican goods, creating uncertainty about the future of nearshoring and the USMCA.

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44% Bias Score

Decent Work and Economic Growth
smh.com.au
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Trump's Tariff Threat Looms Over Mexico's Booming Economy

Facing Donald Trump's potential return to the White House, Mexican businesses are grappling with the threat of 25% tariffs on goods exported to the US, impacting investment decisions and highlighting the complex economic interdependence between Mexico and the US.

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48% Bias Score

Decent Work and Economic Growth
english.elpais.com
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Plan Mexico Faces Headwinds Amidst US Tariff Threats and Economic Slowdown

Mexican President Claudia Sheinbaum's "Plan Mexico" aims for $277 billion in investment and 1.5 million annual jobs by 2030, focusing on domestic production and reducing reliance on Asian imports; however, progress is challenged by US tariff threats and Mexico's economic slowdown.

Progress

48% Bias Score

Decent Work and Economic Growth
edition.cnn.com
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US Company Relocates Manufacturing to Dominican Republic to Avoid Tariffs

Facing increased tariffs on goods manufactured in Mexico and China, World Emblem CEO Randy Carr used ChatGPT to discover the Dominican Republic and is investing millions of dollars to build a 100,000 square foot plant in the country's free zones, aiming to save seven figures annually by leveraging t...

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44% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 85% Global Worthiness
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Mexico Navigates Trump's Trade War: Partial Victory, Persistent Challenges

Amidst a global trade war sparked by Donald Trump's tariff announcements, Mexico secured an exemption from additional tariffs on USMCA goods, showcasing the success of its proactive diplomatic strategy; however, new tariffs on other exports remain a concern.

Progress

44% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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US Tariffs on Canada and Mexico Paused, but Economic Damage Looms

A month-long pause on 25% tariffs on Canadian and Mexican goods is in effect, but their potential re-implementation in March threatens to harm vital US relationships and raise prices significantly, contrary to the current trend of nearshoring to strengthen regional ties.

Progress

60% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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CPKC Reports Strong Q4 2024 Results, Remains Confident Amidst Tariff Threats

CPKC, a North American railway, reported strong Q4 2024 financial results, with a 3% revenue increase to $3.9 billion and a 16% annual increase to $14.5 billion, despite President Trump's tariff threats.

Progress

40% Bias Score

Decent Work and Economic Growth

Showing 1 to 11 of 11 results