Economy
Honda has reported a 37% drop in net profit for the six months ending in September, citing the impact of tariffs imposed by former U.S. President Donald Trump and a global semiconductor shortage that disrupted production at a key factory in Mexico. The Tokyo-based automaker announced on Friday that......
Mexico’s Business Coordinating Council (CCE), the country’s largest employers’ federation, has reaffirmed its support for Morocco’s territorial integrity during a high-level meeting in Mexico City. The declaration came amid a broader mission by the General Confederation of Moroccan......
The General Confederation of Moroccan Enterprises (CGEM) and the Confederation of Industrial Chambers of Mexico (CONCAMIN) signed a memorandum of understanding (MoU) on Monday in Mexico City, marking a significant step toward strengthening economic and industrial cooperation between the two nations. Strategic......
The General Confederation of Moroccan Enterprises (CGEM), led by its president Chakib Alj, is undertaking a high-level economic mission to Mexico from September 22 to 25, 2025. Organized in close collaboration with the Embassy of Morocco in Mexico City, the visit aims to strengthen economic and trade......
Morocco has achieved a historic milestone in its agricultural sector, exporting 745,000 tons of tomatoes during the 2024/25 season, a record-breaking figure despite challenges posed by drought and labor shortages. This achievement solidifies Morocco’s position as the third-largest tomato exporter......
Chinese company Tianyouwei has officially announced the creation of a new subsidiary in Morocco dedicated to the manufacturing of automotive electronics, with an investment exceeding 683 million dirhams (around €65 million). The decision, approved by the company’s board, reflects its strategy......
The United States recorded a trade deficit of $60.2 billion in goods and services in June 2025, a marked improvement from the $71.7 billion registered in May, according to data released on August 5 by the U.S. Census Bureau and the Bureau of Economic Analysis. This reduction was driven by a lower deficit......
The European Union and South Korea are scrambling to reach trade agreements with U.S. President Donald Trump before the August 1 deadline, as Washington threatens to impose a 30% tariff on most imports from the EU and Mexico, with similar warnings extended to countries like Japan and South Korea. White......
Morocco surpasses 100,000 tons in avocado exports amid growing environmental strain Morocco has cemented its place among the world’s top avocado exporters. For the first time, the country has exceeded 100,000 tons in avocado exports, according to EastFruit, an agricultural data platform. This......
U.S. President Donald Trump has significantly increased tariffs on imported steel and aluminum, raising them to 50%. This move, announced in a presidential order effective from 12:01 a.m. local time on Tuesday, is presented as a measure to protect national security. According to the White House, although......
A U.S. federal court has delivered a significant blow to President Donald Trump's economic agenda by blocking his sweeping tariffs, a central feature of his trade policy. The Court of International Trade ruled that the emergency powers invoked by the White House did not grant the president unilateral......
A recent trade agreement between China and the United States, brokered in Geneva through Swiss mediation, has led to a temporary de-escalation of trade tensions. The deal includes a 90-day suspension of certain tariffs, aiming to restore mutual trust and explore future economic collaboration. Both nations......
A recent agreement between the United States and China to pause tariffs has shifted the dynamics for manufacturing hubs such as Mexico and Vietnam. These countries now face pressure to negotiate favorable trade deals with the U.S. to continue benefiting from the "China-plus-one" strategy used......
