The US is preparing to escalate its complaints that Mexico’s state-favoring energy policies violate the nations’ free-trade agreement, people familiar with the matter said, a move that would risk exacerbating tensions between the countries’ governments.
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President Joe Biden’s administration has a number of concerns about Mexico’s performance and commitment to its free trade deal with the U.S. and will discuss them with the nation in the coming weeks, America’s top negotiator said.
The International Monetary Fund upgraded its global economic growth forecast for the second time in three months, while warning about widening inequality and a divergence between advanced and lesser-developed economies.