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Free AccessUS Preparing To Escalate Claim Mexico Violated USMCA Pact
- The US is preparing to escalate its complaints that Mexico’s state-favoring energy policies violate the nations’ free-trade agreement, people familiar with the matter said, a move that would risk exacerbating tensions between the countries’ governments. (BBG)
- US Trade Representative Katherine Tai’s office in recent weeks has been working on a request for formal consultations under the US-Mexico-Canada Agreement and discussing it with other agencies, according to the people, who asked not to be identified without permission to speak publicly. The timing for the request is still being determined, the people said.
- While the initial headlines overnight sparked a quick sell-off for the Peso with USDMXN spiking to 20.09 highs, the Peso selling was well absorbed and currently trades at it’s best levels of the week and back below the 20.00 mark for USDMXN.
- Later today, Petroleos Mexicanos (Pemex) will release data on May oil production and exports.
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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.