HUGE Business & Investment Council (ThinkHUGE)

Exciting NEWS ALERT! Check out the latest edition of our newsletter for all the updates on what's been happening with ThinkHUGE and the Northern Triangle region! From innovative projects to inspiring stories, this newsletter has it all. Click the link below to read! https://hubs.la/Q02X8hT90

President-elect Trump’s proposed tariffs—25% on Canada & Mexico and 10% on Chinese imports—could raise prices on essentials like fruit, lumber, and electronics. Businesses may pass higher costs to consumers, while farmers risk retaliatory tariffs. What will this mean for inflation and your wallet? Learn more about the impact this may have here: https://hubs.la/Q02_6WSV0

Congratulations to IDC Network, a HUGE Founder, for this wonderful achievement!

With the new U.S. administration taking office in 2025, the future of U.S.-Mexico relations hinges on effective collaboration. Leadership will be key to strengthening bilateral ties from migration and security to economic ties under USMCA. The Wilson Center's Mexico Institute has created a roadmap with actionable recommendations on six priority areas to foster a stable, prosperous North America. Learn more here: https://hubs.la/Q02-x3pL0

Small U.S. businesses are feeling the pinch as tariffs on Chinese goods drive up costs, and new levies loom. With Mexican imports also at risk, entrepreneurs face tough decisions on sourcing. A recent survey shows tariffs are a top concern for 1 in 3 small-business owners, second only to tax policy. Read this insightful article by the WSJ here: https://hubs.la/Q02-x3Gs0

U.S. manufacturers are reshaping their industrial strategy by relocating supply chains from Asia to Central America, boosting U.S. manufacturing, reducing reliance on China, and fostering regional stability through job creation. As part of our efforts to be an active voice for the private sector, the Washington Times published today a ThinkHUGE Op-Ed, on leveraging nearshoring to Central America as a strategic approach to strengthen U.S. manufacturing and promote regional economic stability. #nearshoring #jobcreation #manufacturing #economicdevelopment #growth #privatesector Read our article here: https://hubs.la/Q02-x6qw0

Applied Materials has opened a Global Business Services center in Heredia, Costa Rica, capitalizing on the region's semiconductor growth. Operating under the Free Trade Zone, the center focuses on enhancing supply chain and procurement, aligning with the U.S.’s $500 million investment to boost semiconductor manufacturing in Mexico, Costa Rica, and Panama. Learn more here: https://hubs.la/Q02YwZQd0 #nearshoring #frienshoring #economicgrowth #jobcreation #freetradezones

On October 16, the U.S. Embassy in Mexico and Canieti (the National Chamber for the Electronic, Telecommunications, and Information Technology Industry) unveiled a Master Plan for the Development of Mexico's Semiconductor Industry (2024–2030), aiming to double exports and jobs while relocating $10 billion worth of manufacturing operations, including design, assembly, packaging, and verification, to Mexico. Read the full article here: https://hubs.la/Q02Yxd3_0 #nearshoring #jobcreation #economicdevelopment

"Congressman Carlos A. Gimenez (FL-28) highlighted the critical importance of Americas-centric trade for the long-term economic strength of the U.S. at a recent Miami conference on 'Western Hemisphere Nearshoring.' Warning about China’s ambitious 'Belt and Road' strategy, he emphasized that U.S. dependence on China risks fueling its rise as the world’s leading superpower: 'The way things are done now, we are feeding the instrument of our own demise.' #Trade #Nearshoring #EconomicGrowth" https://hubs.la/Q02YwWYG0

More U.S.-based companies are prioritizing shifting supply chain operations to the Americas to reduce touch points and increase proximity to manufacturing and procurement locations, according to a KPMG report. Learn some of the key insights here: https://hubs.la/Q02Z6jpl0