• -U.S. Treasury Secretary Scott Bessent announced that the Chinese government has agreed to suspend its recently 

• strengthened rare earth export control measures for one year,while the United States will not impose the additional 100% tariffs 

• on Chinese imports originally scheduled for November 1.

• 
  

• - The Secretary also mentioned that President Trump and President Xi Jinping are expected to hold follow-up summits in Beijing 

• and Washington next year —Trump in February and Xi in the fall.

• 
  

• - Additionally, the agreement includes provisions to resume China’s imports of U.S. soybeans once the deal is finalized,

• and both nations will cooperate to address the fentanyl crisis.

• 
  

• - Experts note that, ten months into Trump’s presidency, the United States has yet to enforce aggressive tariff measures 

• against its top three trading partners — Mexico, China, and Canada — suggesting the likelihood of new tariffs remains low.

 2026 Minimum Wage Increase Likely to Reach at Least 12%, Decision Expected in Early December

• - With the announcement of Mexico’s 2026 minimum wage adjustment expected in about a month,
  analysts predict a minimum 12% increase, in line with President Sheinbaum’s pledge to ensure that by 2030 the 

• minimum wage equals 2.5 times the basic cost of living.

• 
  

• - Since taking office last year, President Sheinbaum implemented a 12% increase — a moderate start compared to former

•  President AMLO’s initial 100% hike —and experts expect a similar rate this year barring any major surprises.

• 
  

• - However, economists warn that unless income tax brackets are adjusted alongside wage increases,
  workers may face higher tax burdens, potentially increasing costs for employers in the long term.

• 
  

• -Currently, Mexico’s minimum wage is 278.80 pesos (inland regions).
  The president plans to raise it by at least 12% annually through 2030,
  reaching approximately 393.20–400 pesos per day.