As global trade tensions rise, Mexico and Canada are aligning their strategies to counter Donald Trump's protectionist policies, particularly his threat to renegotiate the USMCA.
During Chinese President Xi Jinping's visit to Brasilia, the China Development Bank signed a significant deal with Brazil's BNDES, lending 5 billion yuan ($690 million) to the bank. This marks BNDES' first foreign currency operation and highlights China's growing economic presence in the region.
The Prevent Tariff Abuse Act would prevent the incoming US president from raising tariffs without Congressional approval, addressing concerns over the potential negative impact on the U.S. economy, including higher consumer prices and business disruptions.
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