Mexico faces $30 billion hit in trade spat with U.S., Canada
“If there is no resolution and Mexico loses the dispute, then in the summer of 2023, the U.S. and Canada can slap tariffs equal to the losses their companies have faced, Kenneth Smith Ramos, who was Mexico’s chief USMCA negotiator through 2019, said in an interview.”
[Bloomberg]
U.S. open to discussing Colombia trade deal with next president
“President-elect Gustavo Petro, a 62-year-old economist who will become Colombia's first leftist leader next month, talked during his campaign about proposals to renegotiate trade pacts, including a 2012 deal with the United States. But he moderated some of his stances by the time he was elected last month.”
[Reuters]
Turning up heat, U.S. targets Nicaraguan sugar imports
“The Biden administration dropped Nicaragua from a list of countries that can ship sugar to the United States at low import tax rates as the U.S. intensifies economic pressure on the authoritarian government of president Daniel Ortega.”
[Associated Press]
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