Mexico Set to 'Mirror' Policy on Any US Trade Tax Change
Mexico's economy minister said his country was ready to renegotiate trade rules with the United States and that any change in U.S. tax policy that affected imports would have to be countered with a "mirror action" in Mexico. U.S. President Donald Trump told a meeting with U.S. executives on Monday that companies would face a "major border tax" if they shifted jobs outside the United States. Such a measure could affect Mexico's exports to the United States, its top trading partner. "If there is any action that punishes imports to the North American market and encourages U.S. exports, you have to reflect it in a mirror action to counteract the change of incentives that this would make for activity and investment in Mexico…
Venezuela to Invest $261m in Boats
Venezuelan President Hugo Chávez authorized the Navy Commander Vice-admiral Benigno Remigio Calvo to enter into a $261m trade agreement with Spanish firm Rodman Polyships for joint construction of 66 boats and purchase of construction material for other 40 units to be manufactured in Venezuela, reports said. The second stage of this project is expected to be implemented in the Navy Unit of Careen Services. According to the Official Gazette dated June 11, the operation is taking place under a strategic alliance entered into on October 16, 2005 in Vigo, Spain. However, in April 2006, Navy Commander Vice-admiral Armando Laguna Laguna told reporters they would purchase a lower number of boats.
