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Mexico imposes a 36.23% anti-dumping duty on imported Steel wire from Vietnam.
The Mexican government announced on Monday local time that it will impose a 36.23% tariff on steel wires imported from Vietnam for welding, as this harms local producers in Latin America's second-largest economy. Mexico's Ministry of Economy stated that Vietnam is "dumping" steel wires in Mexico, meaning exporting at prices below cost. Following complaints from two companies in Mexico about unfair import prices, the government has been investigating since the end of 2023. These companies believe that if imports from Vietnam continue, the national industry will "worsen." The Ministry of Economy pointed out in a statement that the Kim Tin Group from Vietnam.
Top Gap Ups and Downs on Monday: TSM, HMC, GFI and More
What does the Federal Reserve's "Skip" mean for the market?
Citi Research found that during the period when the Federal Reserve pauses interest rate cuts, the U.S. stock market usually performs well, but the sustainability of the rise depends on whether economic weakness leads to a restart of policy easing; U.S. Treasury rates usually rise at the pause or end of the cycle; for the dollar, if the interest rate cuts are only paused, the dollar performs laterally, if it is the last interest rate cut, the dollar will rise; after the pause, regardless of whether the easing cycle continues, Gold prices usually rise.
