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    May 27, 2022

    Mexico | Reduction of tariffs: a good measure, with a limited anti-inflationary effect

    As part of the package against inflation and famine (PACIC) implemented by the federal government to contain inflationary pressures, the removal of tariffs on various food products for one year was announced.

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    October 7, 2019

    The US-China Trade War: The New Normal

    The ever-escalating trade war between the U.S. and China has become a "new normal" in the international trade scene. Since January 2018, the U.S. average import tariffs on Chinese goods have risen from 3 to 23 percent. Meanwhile, China's retaliatory import tariffs on U.S. goods rose from 7 to 24 percent.

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    July 25, 2019

    U.S. | Auto Sales Chartbook. July 2019

    New vehicle sales are projected to decelerate as economic growth slows down. Lower interest rates could provide some relief for dealers. A robust supply of “off-leasing” vehicles will continue to put downward pressures on demand for new vehicles.

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    June 27, 2019

    Seismic waves in global trade

    Recent weeks have seen an escalation of restrictive measures and trade retaliation between the US and China, as well as restrictions placed on the activity and investment of foreign technology companies in domestic markets or the announcement of further tariffs imposed by the US to Mexico.

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    June 6, 2019

    Mexico | Faced with Trump, Mexico needs rule of law and to revive Texcoco

    In what would be an act contrary the North American Free Trade Agreement (NAFTA) and the World Trade Organization (WTO) rules, President Donald Trump has announced that he will impose tariffs on all imports from Mexico.

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    May 31, 2019

    Mexico | Trump’s Tariff Threat has the potential to be a game changer for Mexican Economy

    Incremental tariffs (up to 25%) would likely push the Mexican economy into a recession; inflation risks, an overly hawkish Banxico and fiscal constraints would limit the room for countercyclical fiscal and/or monetary policies.

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    May 13, 2019

    Closer to a trade war?

    At BBVA Research we estimate that a tariff increase to 25% could bring Chinese GDP down 0.5 pp from our base scenario, in which China grows by around 6% in 2019. The impact on the other two trading blocks will be less severe, around 0.2 pp in the United States and 0.1 pp in the eurozone.

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    July 30, 2018

    What weapons does China have in the trade war?

    The trade war between China and the USA finally broke out on 6 July, when the US imposed 25% tariffs on US$34 billion worth of imports from China, to which China responded by applying the same tariff to the value of imports from the US.

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