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    February 14, 2025

    Mexico | US imposes tariffs on steel, aluminum, and derivatives

    On February 10, President Trump signed an executive order imposing a 25% tax on all steel and aluminum imports regardless of their country of origin, which will take effect on March 12.

    February 14, 2025

    Global | Financial Regulation: Weekly Update. February 14, 2025

    In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.

    February 7, 2025

    Global | Financial Regulation: Weekly Update. February 07, 2025

    In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.

    February 7, 2025

    Mexico | For now, Mexico is successful at avoiding tariffs

    On Monday, February 3, the heads of state of Mexico and the US reached an agreement to put on hold for a month the imposition of tariffs that the White House pretended to apply to imports coming from Mexico.

    February 3, 2025

    Europe | The ECB begins to drift away from the Fed

    The latest meetings of the Federal Reserve (Fed) and the European Central Bank (ECB) have confirmed what was expected: that monetary policy in both regions is starting to diverge.

    February 2, 2025

    Mexico | 25% tariffs on Mexico: unlikely to be long-lasting

    On February 1, the White House announced that it would impose tariffs of 25% on imports (not all imports, which leaves open the question of whether they will be selective) on Mexico and Canada and 10% on China (in addition to those already faced).

    January 31, 2025

    Global | Financial Regulation: Weekly Update. January 31, 2025

    In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.

    January 30, 2025

    US | Fed pauses rate cuts to kick off 2025

    Signs that core inflation is back on trend to 2% could open the door for another cut in March, but the implementation of policies that could spark an upward trend in inflation, even if temporary, could imply a more extended pause.

    January 28, 2025

    US | Labor and Immigration Upheaval: Worker Shortages, Higher Wages?

    Notwithstanding BBVA Research's assessment that widespread deportations are improbable and that significant deviations in migration trends —beyond those tied to economic cycles and labor demand— are unlikely, a chilling effect could nonetheless materialize.

    January 27, 2025

    US | Fed to remain cautious as probable tariffs cast a shadow on monetary policy easing

    The risk has grown that the Fed could keep rates on hold for more than one meeting as the nature and purpose of the upcoming tariffs is still unknown (i.e., their magnitude, their temporary or permanent nature, used mostly as a negotiating tool?).

    January 27, 2025

    Global | The impact of IA on employment and productivity

    Artificial intelligence (AI) aims to transform a multitude of fields of knowledge, emerging as a general-purpose technology (GPT). In terms of productivity, economic growth, and the labor market, the effect of AI is limited at present, and there is extensive debate regarding its future impact.