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Mexico to levy temporary tariffs on some textile imports till Apr 2026

Mexico will temporarily impose a 35-per cent tariff on 138 finished textile imports to protect the domestic textile-clothing industry, economy minister Marcelo Ebrard recently said.
The tariff will be imposed on products from nations with which Mexico doesn’t have an FTA.
A 15-per cent tariff will apply to 17 types of unfinished textile goods.
The tariffs will be effective till April 22, 2026.Read More

22.12.2024Comments Off,
Real US GDP increases at 3.1% annual rate in Q3 2024: BEA 3rd estimate

Real US GDP increased at an annual rate of 3.1 per cent in Q3 2024, according to the third official estimate.
In Q2 2024, real GDP increased by 3 per cent.
The increase in real GDP primarily reflected increases in consumer spending, exports, non-residential fixed investment and federal government spending. Imports increased as well.
Real gross domestic income rose by 2.1 per cent in the quarter.Read More

22.12.2024Comments Off,