International Trade
Mexico-US Bilateral T-MEC Review Talks Set to Begin March 16 Amid Private Sector Optimism and Regional Developments
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Mexico and the United States will launch the first formal bilateral round of talks on March 16 in Washington to review the United States-Mexico-Canada Agreement (T-MEC), announced by Economy Secretary Marcelo Ebrard on March 5 following agreement with U.S. Trade Representative Jamieson Greer. Discussions will cover rules of origin, industrial integration, supply chain security, and regional competitiveness, as Mexico's private sector expresses optimism.
Three Supermicro employees face charges of conspiracy to smuggle restricted Nvidia H100, H200 and B200 chips to China. The alleged $2.5 billion scheme used dummy boxes, fake labels and a pass-through company. TechRadar describes it as the biggest heist of the US-China chip war.
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A subsidiary of Hong Kong's CK Hutchison Holdings has filed an arbitration claim seeking US$2 billion from Panama over the government's seizure of two Panama Canal ports, following the company's earlier vows of legal action after a February court ruling. Panama Ports Company (PPC) accuses authorities of an illegal takeover and vows to pursue full compensation via the International Chamber of Commerce.
In response to the US Supreme Court's ruling striking down President Donald Trump's reciprocal tariffs, Cheong Wa Dae will hold a policy coordination meeting with the ruling party and government officials. The meeting, led by presidential chief of staff for policy Kim Yong-beom and National Security Adviser Wi Sung-lac, will include key ministers and the Democratic Party floor leader. The Trump administration imposed a 10 percent global tariff hours after the ruling and raised it to 15 percent the next day.
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The US Supreme Court has ruled six to three that President Donald Trump exceeded his authority by imposing special tariffs on imports from dozens of countries. The tariffs, based on a 1977 emergency provision, are invalid. Trump now announces a new general ten percent tariff.
In response to talks on India purchasing Venezuelan oil under a US trade pact, Russia has stated that India is free to buy oil from any country. However, Moscow noted that replacing Russian oil volumes would not be commercially simple. India imports nearly 88% of its crude oil, with Russian supplies emerging as a key source after 2022.
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CJ Olive Young has partnered with a Polish cosmetics distributor to export its private brand products to Europe. The deal will initially introduce skincare lines like Bioheal BOH, Bringgreen, and Colorgram through sales networks in Poland before expanding to other markets. This move bolsters the CJ Group's retail arm's international expansion efforts.
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