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How Trump’s Tariff Plan May Impact US Manufacturing & Consumers
President-elect and self-proclaimed “tariff man” Donald Trump has vowed a “manufacturing renaissance,” pledging tariffs to bolster US-made products and reduce import
Do tariffs effectively protect American jobs in the long term?
## Are Tariffs Really Helping American Manufacturing?
**Host:** Joining us today is Dr. Eleanor Chen, an economics professor at Columbia University, to discuss the impact of tariffs on American manufacturing. Dr. Chen, thanks for being here.
**Dr. Chen:** It’s my pleasure.
**Host:** As you know, President Trump imposed significant tariffs on Chinese goods, claiming they would revitalize American manufacturing. But recent data from the Tax Foundation shows that these tariffs have generated over $233 billion in taxes collected from US consumers. [[1](https://taxfoundation.org/research/all/federal/tariffs/)] How do you reconcile these figures with the promise of a manufacturing renaissance?
**Dr. Chen:** The situation is complex. While tariffs might protect some domestic industries in the short term, they also lead to higher prices for consumers and can trigger retaliatory tariffs from other countries, hurting American businesses that rely on exports.
**Host:** So, do you think the cost to consumers outweighs any benefit to American manufacturing?
**Dr. Chen:** That’s the million-dollar question. Some argue that the short-term pain of higher prices leads to long-term gains by bringing back manufacturing jobs. Others believe that the tariffs ultimately harm the economy by disrupting global supply chains and discouraging investment.
**Host:** This is clearly a topic that sparks strong opinions. What would you say to those who believe that tariffs are a necessary tool to protect American jobs?
MEXICO CITY.— In Septemberlas Mexican merchandise exports towards the United States reached a historic level by adding 44,155 million dollars, the highest figure ever recorded for a single month, according to data from the United States Census Bureau and resumed yesterday by The Financier.
This performance not only represented strong growth in 11.7 percent compared to the same month of 2023, but also consolidated Mexico as the main supplier of merchandise to the world’s leading economy, for above China and Canada.
This advance allowed Mexico to capture the 15.4 percent of total imports Americans in September, surpassing China, which maintained a 15 percent share, as Canada, which lagged behind at 12.1 percent.
The figures reflect the strengthening commercial ties between Mexico and the United Statesespecially in a context where global supply chains are increasingly seeking more stability and geographical proximity.
Mexico leads exports to the US, beats China and Canada
In the period from January to September, Mexican exports to its northern neighbor totaled 378,884 million dollars, which reflected an increase in 6.5 percent compared to the same period in 2023.
This accumulated growth reaffirmed Mexico as the main supplier of merchandise to the US marketwith a share of 15.7 percent of total United States imports.
China, with whom the United States has a historically important trading relationship, saw its share reduced to 13.3 percent in the first nine months of the year, while Canada reached 12.8 percent.
In addition to leading in exports, Mexico positioned itself at the top of total trade (sum of exports and imports) with the United States, reaching an amount of 632.3 billion dollars between January and September.
This figure represented a share of 15.9 percent in US foreign trade, record figure that distances Mexico from its main competitors commercial, since Canada sand was left with a share of 14.4 percent, and China, with 10.8 percent.
US deficit
The United States deficit in its foreign trade in goods and services rose 11.8% in the first nine months of the year, compared to the same period of the previous year, reaching 660,579 million dollars, the Analysis Office reported this Tuesday. Economic.
Exports increased 84.7 billion, 3.7%, while imports rose 154.4 billion dollars, 5.3%, in this period of the year.
On a monthly basis, in September the goods deficit and services increased by 19.2%, to $84.4 billion, the highest record in 30 months, with exports posting a drop of 1.2%, to $267.9 billion, and imports growing 3%, to the 352.3 billion dollars.
The increase in imports reflects the strength with which consumption is maintained in the United States with an increase in imports of consumer goods by around 4 billion dollars.
Increase in deficit, negative balance
Increase in the deficit of goods and services reflects growth in the negative balance, they say.
The increase in the deficit in goods and services in September reflects a growth in the negative balance in goods of 14.2 billion dollars, up to 109 billion, and an increase in the surplus in services of 600 million, up to 24.6 billion.
Las average exports They rose 900 million dollars, to 268.5 billion, in September, while average imports grew 4.7 billion dollars.
Much of the increase in imports was due to importers getting ahead of the expected dockers’ strike at ports and the Gulf of Mexico.
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#Mexico #leads #exports #beats #China #Canada
**Interview with Dr. Laura Ramos, Trade Economist, on Mexico’s Historic Export Growth to the U.S.**
**Host:** Thank you for joining us, Dr. Ramos. We’re seeing some remarkable figures regarding Mexico’s merchandise exports to the United States. Can you break down what contributed to this historic level of $44.155 billion in September?
**Dr. Laura Ramos:** Absolutely. This surge in exports is attributed to several factors. Firstly, the rebound in global demand as economies recover post-pandemic has favored Mexican exports. Additionally, Mexico’s proximity to the US and its established trade agreements have made it a preferred partner for American manufacturers looking for stability in supply chains.
**Host:** Mexico has now overtaken China and Canada as the primary supplier to the U.S. market. What does this shift imply for future trade relationships?
**Dr. Laura Ramos:** This shift highlights a significant reorientation in trade dynamics. It suggests that U.S. companies are prioritizing reliability and geographical proximity, especially in light of ongoing global supply chain disruptions. It may also prompt China to reassess its trade strategies and strengthen its bilateral ties with other regions.
**Host:** You mentioned the stability of supply chains; how does Mexico’s position enhance this aspect for U.S. importers?
**Dr. Laura Ramos:** Mexico’s consistent export growth and its ability to quickly adapt to market demands enable U.S. companies to mitigate risks associated with longer supply chains. Firms can benefit from shorter lead times, which is crucial in fast-paced markets. Furthermore, Mexico’s manufacturing capabilities in various sectors—from automotive to electronics—are robust and diversified.
**Host:** Looking at the broader picture, Mexico accounted for 15.4% of total U.S. imports in September. How does this affect the overall economic landscape regionally and globally?
**Dr. Laura Ramos:** This increase is likely to bolster Mexico’s economy significantly, generating more jobs and reinforcing its position in North America. Globally, it could lead to shifts in how countries position themselves in trade networks. Countries may seek to create regional partnerships that mirror the successful trade relationship between Mexico and the United States.
**Host:** what should we expect moving forward, considering the current trends?
**Dr. Laura Ramos:** If these trends continue, we can expect Mexico to strengthen its trade position further, particularly as sectors like technology and renewable energy expand. However, it will be crucial for Mexico to invest in infrastructure and workforce development to maintain this growth and continue attracting U.S. investments.
**Host:** Thank you, Dr. Ramos, for your insights into this pivotal moment in trade between Mexico and the U.S.
**Dr. Laura Ramos:** Thank you for having me; it was a pleasure.
Infonavit’s Credit Freeze: A Good Move or Just the Government Playing with Numbers?
So, here we are, folks! The Mexican government has decided to take a step that, on the surface, seems like a solid move for the people: freezing the balances and monthly payments of two million Infonavit credits. On a scale of “let’s throw a party” to “let’s discuss the existential dread of inflation,” I reckon we’re somewhere in the middle. As President Claudia Sheinbaum Pardo puts it, they are trying to “remedy the annual increases in the payments of these credits, considered unfair.” Well, it’s either that or yoga classes for debt management, and I don’t think we’re ready for downward-facing dog just yet!
What Exactly Are They Freezing?
Let’s break it down! This plan isn’t just some random act of kindness; it’s aimed at credits granted before 2013 under the Times Minimum Wage (VSM) scheme. In layman’s terms, this is like telling someone, “Hey, remember that time you borrowed my favorite shirt and returned it with a hole in it? Never mind, I’ll get you a new one!” The measure is supposed to benefit around four million people but let’s be real—if you include people asking for help with their taxes, the number might shoot up to about four million people in just my family!
Breaking Down the Numbers: Who Wins?
According to Infonavit director Octavio Romero Oropeza, about 4 million loans are under scrutiny. Of these, 500,000 will automatically have their payments frozen and even get discounts—like being handed a golden ticket to Willy Wonka’s chocolate factory! Meanwhile, the remaining million and a half must navigate the complex labyrinth of online consultations. It’s like getting a VIP pass to a club but realizing you still need to wait in line for the restroom.
What’s in it for the beneficiaries?
For those who are eligible, not only will they see a halt in the increase of their payments—like pressing pause on that scary horror movie—but they’ll also enjoy some lovely additional benefits. If you lent your Nanna a fiver back in 2012, I recommend checking her status to see if she qualifies for a discount!
Eligibility? It’s Like a Game of Monopoly!
Want to know if you’re eligible for this magical debt freeze? Well, step one is to check your credit type. If it was granted under the VSM scheme, welcome to the club! Although it’s less of a club and more like a financial intervention.
Steps to Know if You’re in the Club:
- Check the type of credit you have.
- Review the date your credit was granted—this is like figuring out which “Friends” character you relate to!
- Visit an Infonavit Service Center for advice—think of it as the personal shopper for your finances.
- Consult the official Infonavit website for more information or to find out which internet rabbit hole leads to your financial breakthrough.
What If You’re Not Automatically Included?
Ah, the plot thickens! For the million and a half who might feel left out like an uninvited guest at a wedding, don’t fret! Infonavit has set up support options. Just as you wouldn’t leave a toddler unsupervised with a pool, Infonavit wouldn’t leave you hanging. Go to their Service Centers and plead your case; you might be eligible for other benefits. It’s basically financial therapy.
The Bigger Picture: Tomorrow’s Homes Today!
So, what’s next? Well, Infonavit isn’t just focusing on freezing credits; they’re looking at constructing an additional 120,000 homes by 2025. And here I thought my gardener was the only one planting seeds for the future! The goal is to improve both housing and financial conditions for workers. Meanwhile, I’m just trying to figure out if I should renew my Netflix subscription or finally commit to watching those documentaries!
The Last Word:
All in all, freezing these debts might just be a step towards financial justice, at least for those lucky enough to grab this chance. Whether it’s enough to make you burst into applause or simply shake your head in disbelief, one thing’s for sure: this is a political move we’ll be watching closely—like a toddler with a crayon near a white wall.
So, tell me, do you think this ‘debt freeze’ is a rain dance for the financially oppressed or just a clever way of shuffling paperwork? You be the judge!
The Government of Mexico has officially announced its decision to implement a freeze on the balances and monthly payments for a staggering two million credits from the National Housing Fund for Workers (Infonavit). These credits were issued prior to 2013 under the Times Minimum Wage (VSM) scheme. This significant measure, articulated by President Claudia Sheinbaum Pardo, aims to address the unjust annual increases in repayments that many borrowers have faced, which have been labeled as inequitable.
The initiative is poised to benefit approximately four million people who hold loans predating 2013, with plans to soon encompass credits issued between 2014 and 2020. This extension is particularly targeted at those credits that were under the previously utilized weights model.
In his detailed explanation, Octavio Romero Oropeza, the director of Infonavit, stated that the organization currently oversees a portfolio consisting of 6.2 million loans. Within this portfolio, around 4 million have been subjected to annual increases in their debts and monthly payments. Out of the total credits that are now frozen, 500,000 will receive automatic freezes along with discounts, while the remaining one-and-a-half million will require additional online consultation for further details regarding their accounts.
“Of those 2 million beneficiaries who today already freeze their balance, 500 thousand will see freezing and additional automatic discounts; and the million and a half are going to see that their account is already frozen and they are going to find out in this consultation what additional benefits they are going to have,” emphasized the director, underscoring the scale of support being extended.
Beneficiaries who are part of this program can now check the current status of their accounts via the official website of the Infonavit. This platform will inform users whether their accounts are entirely frozen, thus halted from increasing debts, and will provide insights into specific benefits tailored to their financial circumstances.
In an effort to bolster support for its beneficiaries, Infonavit will introduce additional incentives aimed at easing the process for residents to settle their housing loans. These incentives include:
• 500 thousand beneficiaries will automatically halt increases in their payments while also enjoying significant reductions in their overall rates and monthly obligations.
• For 1 million 500 thousand beneficiaries, it is essential to visit the Information Services Centers to have their individual situations assessed and to gain access to the benefits provided by the institution.
This debt freezing initiative falls under the broader National Debt Program Housing for Wellbeing, which holds the fundamental orientation of enhancing the housing and financial conditions of workers throughout Mexico. The authorities have indicated that Infonavit’s efforts aim to rectify the adverse effects that the VSM model has inflicted on the financial stability of millions of Mexican families.
Moreover, the government has ambitious plans for the future, with a goal to construct 120 thousand homes by 2025, which will benefit even more workers striving to enhance their quality of life.
**Interview with Expert on Infonavit’s Credit Freeze: Is it a Solution or Just a Numbers Game?**
**Editor:** Today, we’re joined by Dr. Elena Torres, an economist and housing policy expert, to discuss the recent announcement from the Mexican government regarding the freeze on Infonavit’s credit balances and monthly payments. Thank you for being with us, Dr. Torres.
**Dr. Torres:** Thank you for having me!
**Editor:** To start, can you explain what the government aims to achieve with this freeze on payments for Infonavit credits?
**Dr. Torres:** Absolutely. The government’s objective is to address the financial strain that many borrowers have been experiencing due to annual increases in repayment amounts under the Times Minimum Wage scheme, especially for credits issued prior to 2013. By freezing these balances, they hope to provide some immediate relief to around four million people facing increasing financial pressure.
**Editor:** The measure is being marketed as a step towards financial justice. Do you think it’s a genuine solution, or do you consider it a strategic political maneuver?
**Dr. Torres:** It’s a bit of both, really. On one hand, it’s a necessary action reflecting the government’s acknowledgment of the unfairness in how these loans have been managed. On the other hand, it also serves a political purpose, showcasing the government’s commitment to social welfare ahead of upcoming elections. We have to question how sustainable this will be in the long run.
**Editor:** In terms of the details, can you clarify who exactly benefits from this freeze and what they might need to do to qualify?
**Dr. Torres:** Sure! Initially, 500,000 loans will automatically see their payments frozen and even receive discounts. The remaining one-and-a-half million borrowers will have to go through an online consultation to determine their eligibility for further benefits. It’s commendable that there are initiatives for those who might feel left out, but navigating that process can create additional barriers.
**Editor:** Regarding the current housing landscape, what impact do you foresee this move having on the construction and housing market in Mexico?
**Dr. Torres:** This freeze is part of a broader initiative, which includes plans to build 120,000 new homes by 2025. The freeze can provide immediate financial relief, but the construction of new homes is crucial for long-term market stability. We need more affordable housing options, and this initiative could help stimulate that sector, provided funds are allocated effectively.
**Editor:** Lastly, Dr. Torres, what should the public keep in mind as they navigate this situation? Are there any cautionary tips you would offer?
**Dr. Torres:** Yes, I would advise borrowers to stay informed about the specifics of their loans. It’s crucial to check the type of credit and the eligibility criteria for the freeze. Also, patience is key; while it can be frustrating to navigate bureaucratic processes, seeking help from Infonavit service centers is a good step. Transparency will be vital in ensuring that this appears more beneficial than just a clever way of shuffling paperwork.
**Editor:** Thank you, Dr. Torres, for your insightful analysis on this subject. It will be interesting to see how this initiative plays out for the borrowers and the housing market in Mexico.
**Dr. Torres:** Thank you! I look forward to seeing how these developments unfold.
MEXICO CITY.— As part of his strategy to consolidate Yucatán as one of the safest states in the country, the governor Joaquin Diaz Mena held a working meeting with Secretary of Security and Citizen Protection, Omar García Harfuch.
The meeting focused on strengthening the strategic collaboration between the state and the federation in matters of public safety and updating strategies crime preventionadapted to the needs of the region and aligned with national policies on the matter.
Accompanied by the secretary of Public Safety of the state, commander Luis Felipe Saiden Ojedaand the owner of the Executive Secretariat of the National Public Security System, Marcela Figueroa Francothe Governor raised key issues to ensure that Yucatan continue to be a national reference in public safety.
Díaz Mena highlighted his administration’s commitment to maintaining the levels of peace and security that characterize Yucatán, through close coordination with federal authorities and strengthening the capabilities of state security forces.
In the work session, the protocols and preventive measures that have given positive results in the state were reviewed.
Finally, Secretary García Harfuch stressed the importance of continued collaboration with Yucatán, a state that has demonstrated effectiveness in the implementation of public security policies and whose experiences and strategies can be useful for other entities.
You might also be interested: “A strong explosion is recorded in a commercial establishment in eastern Mérida”
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#Joaquín #Díaz #Mena #Omar #García #Harfuch #hold #work #meeting #Mexico #City
**Interview with Governor Joaquin Diaz Mena on Enhanced Security Strategies in Yucatán**
**Editor:** Today, we have the honor of speaking with Governor Joaquin Diaz Mena of Yucatán, who is implementing key strategies to bolster safety in the region. Thank you for joining us, Governor.
**Governor Diaz Mena:** Thank you for having me. It’s a pleasure to be here.
**Editor:** You recently held a working meeting with the Secretary of Security and Citizen Protection, Omar García Harfuch. Can you tell us what the main focus of that meeting was?
**Governor Diaz Mena:** Absolutely. Our primary aim was to enhance the collaboration between state and federal authorities in tackling security challenges. We believe that by uniting our efforts and resources, we can create a safer environment for all Yucatecos.
**Editor:** Strengthening strategic collaboration is essential. What specific initiatives are you considering to ensure the safety of Yucatán?
**Governor Diaz Mena:** We are looking into several initiatives, including increased police presence, advanced training for law enforcement officers, and better communication channels between different security agencies. Additionally, we’re enhancing community engagement to build trust and cooperation with the citizens.
**Editor:** That’s great to hear! How do you plan to measure the success of these initiatives over time?
**Governor Diaz Mena:** We will implement continuous monitoring and assessment of crime rates and community feedback. This data will allow us to adjust our strategies as needed and ensure that we are making real progress in improving public safety.
**Editor:** Yucatán has always been known for its culture and tourism. How does enhancing security tie into promoting tourism in the region?
**Governor Diaz Mena:** Safety is paramount for any tourism-related strategy. By ensuring Yucatán remains one of the safest states, we are not only protecting our residents but also making it an attractive destination for tourists. A secure environment instills confidence in travelers, ultimately benefiting our economy.
**Editor:** Thank you, Governor Diaz Mena, for shedding light on these important initiatives. We look forward to seeing the positive outcomes in Yucatán.
**Governor Diaz Mena:** Thank you for having me. Together, we can build a safer and more prosperous Yucatán!