WHILE Commerce Secretary Raquel Buenrostro is proud of progress in talks with her US counterparts Gina M. Raimondo and Katherine Tai, Secretary of Commerce and Trade Representative respectively, in Washington, the talks have proved critical and with an ultimatum to Mexico.
Last week’s meetings between these officials underline that the US awaits official and precise notification of the corrections to the changes made in our country on energy, the suspension of corn imports, and labor and union issues.
Everything seems to indicate that the January meeting between US presidents, Joe Biden; Mexico, Andrés López Obrador and Canadian Prime Minister Justin Trudeau would be in danger if our country’s position is not changed.
Both countries, commercial partners in the T-MEC, are waiting for a satisfactory response to the multimillion-dollar damage done to their companies in the energy sector in both countries or we will soon be in the controversy panels or trade courts.
The official information from Mexico does not coincide with that from the US, because while the SE communicates that talks are progressing at the highest level and refer to the region’s economic development, energy, food and national security, and issues such as relocation of companies from Asia to North America and the strengthening of supply chains, US trade authorities are accusing Mexico of trade agreement violations and are now demanding an immediate response.
THIS WEEK, major economic data will be released in Mexico and China. In the case of Mexico, the inflation rate for the month of November is published, which is expected to be below 8% on an annual basis. Analysts estimate it at 7.94%. This will confirm that the inflation peak has been reached at the end of 2022. However, it is quite possible that the data is affected by the discount season and that there is a slight recovery in prices in December.
DESPITE layoffs at tech companies, stocks of various brands traded on world exchanges have been the most valuable trail over the past 13 years. In the US alone, technology stocks represent 40% of the S&P 500 index, twice as much as the rest of the world. After the disasters at Twitter, Amazon, Microsoft, among others, you could say they’ve cooled down or a “winter” of technology stocks with lower valuations is upon us, but an analysis of 300,000 companies in the US shows that technology adoption has yet to have a long way to go as they are the main support for robotics, cloud services, AI and software vendors.
Director of RedFinancieraMX