CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Dispute Consultations Opportunity To Understand US/Canada Positions

MEXICO
  • Deputy Economy Minister, Luz Maria de la Mora, sees first phase of dispute settlement consultation as opportunity to work with U.S., Canada and understand their positions and differences.
    • De la Mora told Reuters she hopes for a "mutually satisfactory solution" to talks requested by the United States and Canada over what they claim are Mexican energy-related breaches of a regional trade pact.
  • The request for consultations marks the most serious trade spat between Washington and Mexico City since the USMCA trade pact took effect two years ago and if unresolved could ultimately lead to punitive U.S. tariffs.
  • Though De la Mora said Mexico's government would seek to argue that its energy policies are not in breach of the trade deal, her conciliatory tone about seeking a solution that benefits all parties contrasts with Lopez Obrador's defiant push back against the complaints.
  • De la Mora said Mexico would not use a separate trade dispute with Washington over the auto industry as a bargaining chip.
    • "We hope this issue will be resolved before the end of the year and we are very optimistic that we have a very solid case and that we will have a favorable resolution for Mexico," said De la Mora, referring to the auto spat, which includes disagreements over proposed U.S. tax breaks for electric vehicle manufacturing.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.