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President Calderón opted for using price ceilings for tortillas that protect local producers of corn. This price control came in the form of a "Tortilla Price Stabilization Pact" between the government and many of the main tortilla producing companies, including Grupo Maseca and Bimbo, to put a price ceiling at MXN 8.50 per kilogram of tortilla. [6]
Bank of Mexico board member Jonathan Heath on Tuesday cautioned on implementing price controls to tackle inflation, saying the measures only work in the short term. "My personal opinion is that ...
The warning came one day after Trump said he would impose a new round of tariffs on Mexico, Canada and China on his first day in office. Before the Nov. 5 election, he had proposed a baseline 10% ...
The president-elect has said he plans to slap a 25% levy on all goods entering the US from Mexico and Canada. ... $70 lower than its original price, and JBL headphones for a 30% discount, at $69.99.
A related government intervention to price floor, which is also a price control, is the price ceiling; it sets the maximum price that can legally be charged for a good or service, with a common example being rent control. A price ceiling is a price control, or limit, on how high a price is charged for a product, commodity, or service.
The economy of Mexico is a developing mixed-market economy. [21] It is the 13th largest in the world in nominal GDP terms and by purchasing power parity as of 2024. [4] Since the 1994 crisis, administrations have improved the country's macroeconomic fundamentals.
President-elect Donald Trump promised Monday that one of his first acts as commander in chief will be to impose a sweeping 25% tariff on all products imported from Canada and Mexico.
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