Core Insights - The U.S. economy experienced robust growth in Q3 2025, with an annual growth rate of 4.3%, an increase from the previous quarter's 3.8% [1] - The growth in Q3 was characterized by a healthier and more broad-based foundation compared to earlier in the year, indicating genuine economic vitality rather than technical adjustments [1][2] Economic Composition - In Q2, GDP growth was significantly influenced by a decline in imports, which artificially inflated the growth figure without reflecting true domestic production or consumer well-being [2][3] - The second quarter's real GDP growth of 3.3% was primarily due to decreased imports and increased consumer spending, while investment and exports actually declined, revealing underlying weaknesses [3][4] - In contrast, Q3 growth was driven by increases in consumer spending, exports, and government spending, with a smaller contribution from the decline in imports compared to Q2 [5]

Trade Policy Shift - Mexico has approved new tariffs on over 1400 products, mainly from Asian countries, particularly China, aligning with U S trade policies [2] - This represents a realignment of Mexico's trade policy to protect its national industry [2][3] - The Ministry of Economy will gain new powers to adjust tariffs without legislative approval [6] Potential Economic Impact - The tariffs aim to protect Mexican national production, which officials claim has been hurt by Asian imports [5] - Some industries in Mexico, such as carmakers, toy manufacturers, and home appliance producers, rely heavily on inputs from Asia, potentially leading to backlash [8][10] - Mexican officials anticipate that most of the affected products can be easily replaced by national production, minimizing the impact [10] USMCA Revision Implications - The tariff approval comes months before Mexico, Canada, and the U S are scheduled to revise the USMCA trade deal [5] - Officials hope this move will ease negotiations during the USMCA revision [6] Asian Investment Considerations - The tariffs could impact Asian companies that are establishing North American manufacturing operations in Mexico [7] - Heavy lobbying from Asian companies delayed the tariff bill's passage, indicating significant concern [4][8]

Canada recorded a trade surplus for the first time since January as exports rebounded sharply and imports declined. https://t.co/TN8WM7YTBA ...

Move aligns Mexico with US stance against flood of imports from China https://t.co/oWqodTUjDx ...

Trade & Tariffs Impact - President Trump signaling potential new levies on Canada, India, and Mexico [1] - Uncertainty around tariffs has caused a "rollercoaster" year for trade, with importers initially slowing down and then surging when policies softened [2][3] - Retaliatory tariffs have negatively impacted US exports, as other countries make deals with normal trading partners [3] - The Supreme Court ruling on tariffs is a major factor in determining future stability and potential refunds [6] Shifting Trade Dynamics - China's share of imports to the Port of Los Angeles has decreased from 60% in 2018 to 40% currently, but overall volume has grown due to increased trade from Southeast Asia [4] - China is shifting from exporting products to exporting manufacturing expertise, investing in factories and supply chains in Southeast Asia [5] - China's exports to the rest of the world are up by double digits, indicating they are finding new customers in Europe, Africa, and Asia [17] - US exports are depressed due to tariffs, with other countries like Argentina and Brazil stepping in for soybeans, and Australia for almonds [18] Small Business Concerns - Small to midsize businesses (SMBs), representing over half of the 125,000 importers at the Port of Los Angeles, struggle to pass on increased tariff costs [9] - Removing the de minimis exemption has caused prices to skyrocket for small businesses importing small parcels from Asia, particularly China [12] - Toy importers face a squeeze on margins due to elevated tariffs, potentially impacting their ability to make payroll [14] Port of Los Angeles Performance - The Port of Los Angeles experienced its third-best performance on the container side in its history [3] - Anticipating approximately 800,000 container units for December, slightly off compared to elevated 2024 levels [15][16]

Exclusive: The Trump administration is prodding ranchers and meatpackers to do something about soaring beef prices, while looking at increasing imports from Mexico and South America https://t.co/4qKXMtVmM6 ...

Switzerland is willing to offer more concessions on imports from the US if it can get even lower tariffs in return from Donald Trump’s administration, as it works to finalize an agreement reached last month https://t.co/lEw6wfQcDO ...

Thailand posts its widest trade deficit since early 2023, with a surge in imports of capital goods and raw materials from China, even as exports lost momentum after US buyers frontloaded purchases to beat higher tariffs https://t.co/oCCyQUzP6a ...

RT Bloomberg New Economy (@BBGNewEconomy)U.S. imports from Asia haven’t slowed — they’ve shifted. As China’s share declines, shipments from Taiwan and Southeast Asia are taking over. We take a closer look in the #ChartoftheWeek.For more insights on the forces reshaping global supply chains, tune into the #BloombergNewEconomy livestream starting 11/19 at 8:00 AM SGT.⏯️https://t.co/ONy6DyUDbF ...

Sheinbaum’s plan to impose steep tariffs on Chinese imports has been delayed until at least December as opposition from Mexico’s private sector and members of the ruling party stalls congressional debate https://t.co/xvDRcqQi10 ...