Tariffs
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February 19, 2025
Mexico | Temporary nature of textile tariffs must be enforced; emphasizing customs control
Mexico imposes temporary tariffs of 15 to 35% on 155 tariff items in the textile and clothing industry, modifies the Immex Decree to limit access in these sectors. Finally, it establishes a global rate of 19% on products imported through digital platforms from countries without a trade agreement, including China.
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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.
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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).
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January 20, 2025
Spain | Spain - U.S. trade relations in the face of possible tariff increases
The direct impact on the Spanish economy of a possible increase in tariffs on U.S. imports is expected to be limited, given the relatively lower trade exposure with respect to the rest of the Eurozone countries. However, there are regions, sectors and companies that may be particularly affected.
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December 16, 2024
Global | Tariffs, a trade instrument or a covert financial strategy?
Both Mario Draghi in Europe and Donald Trump in the United States support the increase in tariffs on Chinese imports, but with objectives that seem to reflect different historical conceptions of the wealth of nations.
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December 9, 2024
Spain | The impact on the economy of the increase in US trade tariffs
It may well be negative in the short run, although it should be cushioned by the relatively low direct exposure of the Spanish economy to trade with the US. In the medium term, the outcome will be determined by the goals set by the new US President and the economic policy responses, both in the eurozone and in Spain.
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December 5, 2024
Spain Economic Outlook. December 2024
GDP growth in 2024 has been revised upward by 0.2 percentage points, reaching 3.1%, driven by stronger-than-expected performance in the third quarter and a slight acceleration in job creation in the fourth. Growth is projected at 2.3% in 2025 and could settle at 1.7% in 2026.
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