Trump’s tariffs are pushing Mexico back toward low-value exports
“That marks a setback for Sheinbaum’s plan to move Mexico beyond its maquiladora model and toward higher-value exports to the U.S. The goal, outlined in her ‘Plan Mexico’ economic blueprint, now faces even steeper challenges as a high-stakes review of the USMCA trade pact approaches.”
[Bloomberg]
Trade Committee approves deal on EU-U.S. trade agreement
“The revised legislation strengthens several elements of the Commission proposals. It introduces a sunset clause, establishing that tariff preferences on industrial and agri-food imports will expire on 31 December 2029 unless renewed. It also includes safeguard mechanisms to protect the EU’s industrial and agricultural sectors, reinforces the suspension clause provisions, and sets clear conditions for tariff reductions on steel and aluminum derivatives.”
[European Parliament]
Digital ATA Carnet launches in 30 countries
“More Customs administrations are expected to join before the end of 2027, with ATA Carnet procedures set to become fully digital worldwide by 1 January 2028.”
[International Chamber of Commerce]
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