New Mexico Trade Alliance

The 25% tariffs on all steel and aluminum imports announced by President Trump last month officially take effect today. In response, some countries have introduced retaliatory measures. Canada is set to announce C$29.8 billion in retaliatory tariffs later today, while the European Union will impose counter-tariffs on up to 26 billion euros ($28 billion) worth of U.S. goods next month. For more information: https://lnkd.in/ev2DqGiS

Did you catch NMTA Director's #TariffTimeline overview during an "Exporting Updates" seminar at the City of ABQ's Small Business Center? If not, NMTA offers free consultations where our team is ready to tackle your pressing international trade questions.

President Trump has announced a delay in the implementation of tariffs on Mexican products until April 2, provided they fall under the USMCA free trade agreement. This decision follows discussions with Mexico’s President Sheinbaum. A similar measure for Canadian products is expected to be announced later today, according to Commerce Secretary Howard Lutnick. For more information: https://lnkd.in/eQj-_AzS

Congratulations, Sahara! ?? Winning the local CFA Research Challenge is an impressive achievement! We are incredibly proud to have such a dedicated, accomplished, and inquisitive professional as part of our team. Your outstanding analytical skills, collaborative spirit, and eagerness to keep learning continue to impress us. This achievement is a testament to your hard work and potential, and we have no doubt that a bright future lies ahead for you. Sahara Hernandez, a distinguished Fulbright Scholar from Mexico, brings extensive experience in logistics to her 10-month professional residency in Albuquerque. She is actively applying her expertise by assisting local SMEs in understanding and seizing international market opportunities. Her contributions have been instrumental in helping several businesses navigate the complexities of exporting. All of this while simultaneously pursuing Master’s-level coursework at The University of New Mexico and engaging in ambitious projects like the CFA Research Challenge—a truly impressive feat! A special thank you to COMEXUS Fulbright-García Robles for fostering these invaluable opportunities, enabling young professionals from Mexico to gain professional and academic experience in the U.S. This exchange not only enriches their growth but also fosters the sharing of knowledge, best practices, and diverse perspectives that benefit both sides.

After a one-month extension, a 25% tariff on all Mexican and Canadian imports (10% for energy-related imports) and an additional 10% on Chinese imports (totaling 20%) took effect at 12:01 AM (PT) on Tuesday, March 4, in accordance with President Trump's Executive Order. Canada and China have already implemented retaliatory measures, while Mexico is set to announce its response this Sunday. For more information: https://lnkd.in/eb_ZXkvC

Thank you Black Chamber of Commerce of New Mexico for organizing the impactful 2025 Black Business Summit! We were thrilled to meet many companies from different industries already thinking about global markets. Can’t wait to be a source of export support to these new connections!

Catch us next week for some updates on how your company can export!

?????Happy Lunar New Year! Wishing You Prosperity & Success in the Year of the?Snake???? As we welcome the?Year of the?Snake, we celebrate new beginnings, transofrmation, and positive change. This year encourages us to adapt, shed the past, and move forward toward new opportunities. To our valued partners and friends, may this year bring you prosperity, innovation, and boundless opportunities. At?NMTA, we are proud to support businesses in navigating global markets and fostering international growth. We look forward to another year of collaboration and success together! Wishing you a year filled with?fortune, strong partnerships, and global success! #LunarNewYear #YearOfTheDragon #GlobalTrade #InternationalBusiness #Prosperity

We love to see #NMSTEP Grant success! ? TS-Nano received STEP funds in 2023 to exhibit at the Global Energy Show Canada. As a result of the grant and support by the Department of Commerce, they have been approached by Canadian oil and gas operators to use their technology for methane emissions reduction. Read more about it here! The NM STEP Grant, a program under the New Mexico Economic Development Department, offers NM companies export grants to gain or grow international sales.?

Last week, New Mexico had the privilege of hosting 23 representatives from 15 Taiwanese organizations, all members of the Taiwanese Display Union Association (TDUA), following their participation in CES. The delegation explored New Mexico's unique landmarks, including Santa Teresa, White Sands, Heart of the Desert, Roswell, and Sandia Peak, while meeting with organizations focusing on identifying AI applications and future market trends. With the support of our incredible partners—New Mexico Economic Development Department, Albuquerque Regional Economic Alliance, New Mexico Partnership, City of Albuquerque Economic Development Department, Ideum, Intel Corporation, Netflix, and COSMIAC—we proudly showcased New Mexico’s innovative technologies and opportunities in the display and AI sector. We are excited about the connections made and the potential for collaboration with these global leaders. Together, we continue to position New Mexico as a hub for technological advancement and international business. #Innovation #Technology #GlobalCollaboration #NewMexico