Among the “Plan Mexico” priorities are to speed up the permit process for exporting manufacturers that import materials duty-free and boost the purchase of locally made goods.
Joel Lange, executive VP and general manager of Dow Jones Risk & Research, speculates about how the policies of a second Trump administration will affect trading patterns in 2025.
Joe Biden may have been a one-term president, but his time in office could end up being defined by his impact on U.S. supply chains in the years following the pandemic.
Among the new additions to the list is one of the world's largest textile manufacturers in Huafu Fashion, as well as 26 companies in the cotton industry.
The proposal would require low-value shipments to include additional data to allow customs agents to easily and accurately verify the contents of each package.
Biden cited a need to thwart smuggling efforts, close loopholes in trade policies, and establish the U.S. and its allies as the global leaders in AI technology.