Mexico will impose a duty of 20% on imports of pork from the United States in response to US duties on steel and aluminum. This is reported by Reuters, citing two sources familiar with the plans of the Latin American country. Last week, Mexico announced that it would introduce reciprocal duties on pork legs and shoulder blades from US suppliers. "It's about 20% of the leg and shoulder blades,...

The US decision to introduce duties on steel and aluminum for producers from the European Union, Canada and Mexico came into effect at midnight on June 1, Washington time. On the eve, on Thursday, May 31, US Secretary of Commerce Wilbur Ross confirmed the fact that the decision was taken definitively. According to him, negotiations with the European Union did not lead to an agreement that would...

The Government of Japan intends to simplify entry to the country for foreign workers with low and medium qualifications. Until 2025, the authorities hope to attract up to 500,000 workers who are sorely needed in agriculture, construction, shipbuilding and the service sector. The government of Japan can officially announce initiatives to attract foreign workers in mid-June. Several media reported...

The Prime Minister of Spain, Mariano Rajoy, is under threat of resignation. The reason is a corruption scandal involving high-ranking members of the People's Party headed by him (NP). Today, the parliament will discuss the expediency of passing a vote of no confidence in the government, and on Friday will vote on this issue. Pedro Sanchez, the leader of Spain's main opposition force, has already...

Venezuela warned enterprises that they should not slow down operations during denomination planned by the authorities. However, critics believe that monetary reform could lead to chaos due to the speed of its conduct. Venezuelan President Nicolás Maduro said in March that the country’s currency, the bolivar, will be denominated on June 4, and the central bank has already published photographs of...

Brussels is not in a hurry to comment on the events taking place in Italy, but it is obvious to everyone that this is the worst scenario for the European Union. There’s not much that the Five Star Movement and the Northern League, which created the ruling coalition, have in common, yet, extremely negative attitude towards the EU is one of those things. Both parties hastened to reassure the...

Increasingly more countries and regions of the world are introducing various forms of "carbon prices" in the form of a carbon tax or quotas and the markets they are using, according to new research by the World Bank and the International Emissions Trading Association. The future of the sector largely depends on success of introduction of the national system of trade in quotas in China, analysts...

Angela Merkel is currently discussing with the Chinese leadership issues of improving the working conditions of German firms in China, maintaining a nuclear deal with Iran, the North Korean nuclear program, and human rights. German Chancellor Angela Merkel and Premier of the State Council Li Keqiang spoke in favor of free trade and international approaches to crisis management. Germany and China...

China has agreed to "substantially increase" volume of purchase of American goods, so both countries will refrain from raising tariffs and declaring trade wars, US and PRC representatives said on after negotiations that ended on Saturday. Details of the transaction have not been announced, and it is expected that their agreement will take additional time. However, according to Finance Minister...