Chinese factories flock to Mexico, crossing U.S. border to avoid tariffs
“The value of exports from China to Mexico was $101 billion in 2021, up 50% from five years ago and approaching half of what the U.S. exports to Mexico. The value of exports from Mexico to the U.S. totaled $398.9 billion, up 30% from five years ago, though the extent to which Chinese firms contributed is unknown.”
[Nikkei Asia]
UN expert finds forced labor claims in Xinjiang credible
“‘Given the nature and extent of powers exercised over affected workers during forced labor, including excessive surveillance, abusive living and working conditions, restriction of movement through internment, threats, physical and/or sexual violence and other inhuman or degrading treatment, some instances may amount to enslavement as a crime against humanity, meriting a further independent analysis,’ Obokata’s report said.”
[Bloomberg]
New electric vehicle tax credits raise talk of trade war
“Democrats included the credit in the expansive climate and health care policy law passed earlier this month as a way to incentivize domestic battery and electric vehicle production. But manufacturers in Europe and South Korea, which sell millions of vehicles in the U.S., have threatened to lodge legal complaints with the World Trade Organization.”
[Associated Press]
Costa Rica seeks entry to trans-Pacific trade bloc
“Costa Rica, with 5.2 million inhabitants, has free trade agreements with nine countries and is negotiating one more with Ecuador, in addition to regional trade agreements with the European Union, Caribbean states (Caricom) and Central American countries (CAFTA).”
[Reuters]
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