DIFFERENCES ARE GROWING WITH BUSINESS PARTNERS – Counter-Response

ALTHOUGH Economy Minister Raquel Buenrostro boasts of progress in talks with her counterparts in the United States, Gina M. Raimondo and Katherine Tai, Secretary of Commerce and Trade Representative, respectively, what has what happened in Washington is that the talks were critical and with an ultimatum for Mexico.

Last week’s meetings between these officials underscore that the United States is awaiting official and specific notification on the rectifications made to the changes that have been made in our country in the field of energy, the suspension of corn imports and the social and trade union issues. .

Everything seems to indicate that the January meeting between the American presidents, Joe Biden; Mexico, Andrés López Obrador and Canadian Prime Minister Justin Trudeau would be in danger if our country’s position was not changed.

The two countries, trading partners of T-MEC, await a satisfactory response to the multi-million dollar damages that have been caused to their companies in the energy sector in the two countries or we will soon be before the controversial commissions or the commercial courts.

Mexico’s official information does not coincide with that of the United States, because if the SE communicates that the talks at the highest level are progressing and refers to the economic development of the region, energy, food and national security, and to issues such as the relocation of businesses from Asia to North America and the strengthening of supply chains, US trade authorities are accusing Mexico of violations of the trade agreement and are now demanding an immediate response.

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THIS WEEK important economic data will be released in Mexico and China. In the case of Mexico, the inflation figure for the month of November will be published, which should be below 8% on an annual basis. Analysts estimate it at 7.94%. This will confirm that the peak of inflation has been reached by the end of 2022. However, it is quite possible that the data will be affected by the discount season and that there will be a slight rebound in prices in December.

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DESPITE layoffs at tech companies, shares of several brands traded on global stock markets have been the most valuable path over the past 13 years. In the United States alone, technology stocks represent 40% of the S&P 500 index, twice the weight of the rest of the world. After the disasters of Twitter, Amazon, Microsoft, among other consortia, you could say they’ve cooled off or there’s a “winter” in tech stocks with lower valuations, but an analysis of 300,000 companies at United States shows that technology adoption still has a long way to go, as they are a key support for robotics, cloud services, AI and software vendors.

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Journalist

Director of RedFinancialMX

Shawn Jacobs

"Incurable alcohol evangelist. Unapologetic pop culture scholar. Subtly charming webaholic."

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