China's market of basic food products including vegetables, fruits, meat, dairy, and aquatic products has maintained ample supply, meeting the consumption needs of urban and rural residents, said the Ministry of Agriculture and Rural Affairs.
The overall prices of daily necessities are seasonally trending upwards, but still remain lower than the same period of last year, according to the ministry.
In July, the wholesale prices of the national food supplies rose by 3.91 percentage points from the previous month, but were 2.29 percentage points lower year-on-year, the ministry said.
In terms of vegetables, prices have recently shown a seasonal increase. Regarding the dispatching situation, the national vegetable production in July reached 77.54 million tons, and the market has operated in a stable manner on the whole.
Due to the adverse effects of hot and rainy weather during the summer in some areas, vegetable growth was impeded, resulting in escalated harvesting costs. Following four consecutive months of decline, vegetable prices have now rebounded.
So far, 106 million mu (about 7.07 million hectares) of land is now planted with vegetables, an increase of 880,000 mu (about 58,667 hectares) over the same period of last year, providing a foundation for stable production and supply.
Affected by recent extreme weather events such as high temperatures and floods, prices of meat and eggs have slightly rebounded after a continuous decline.
Additionally, the overall supply of basic food products such as beef, lamb, milk, and fruits is sufficient, and prices continue to fall. The supply and demand for aquatic products are generally balanced, with prices remaining stable and slightly decreasing.
China's daily necessities market maintains ample supply
Long-standing challenges in Mexico's automotive industry have been exacerbated with the implementation of the U.S. tariff on imported cars, which took effect Thursday, fueling uncertainty and job losses.
Last month, U.S. President Donald Trump announced a 25 percent tariff on all imported automobiles.
Ciudad Juarez, one of Mexico's largest trade ports and a key manufacturing hub, is now facing even greater challenges as rising trade protectionism deepens existing pressures.
At a medal parts manufacturing factory that has been in operation for over 30 years, the workforce has drastically reduced from 60 workers to just 25 due to uncertainty about the future.
Even before the U.S. tariffs on imported cars took effect, mounting pressure had already begun to ripple through the industry, prompting many companies to suspend investment and procurement plans.
"Some 95 percent of the products exported from Chihuahua, where Ciudad Juarez is located, are industrial manufactured goods. We have held multiple meetings to discuss solutions. In fact, over the past year and a half, more than 55,000 factory workers here in the city have lost their jobs," said the owner of the factory.
The automotive industry is a key pillar of Mexico's economy, generating nearly 100 billion U.S. dollars in output. The auto parts assembly industry alone provides over 900,000 jobs for the country, while automotive assembly companies create 175,000 jobs.
According to statistics from the Mexican Association of Automotive Dealers (AMDA), over 40 percent of the components used by American auto manufacturers are imported from Mexico. Last year, Mexico produced four million cars, approximately three million of which were exported to the U.S.
Industry insiders indicate that due to the high degree of interdependence in the sector between the U.S. and Mexico, along with a shortage of skilled labor, the U.S. goal of bringing automotive manufacturing back to its shores through tariffs is unlikely to be realized in the short term.
Moreover, the established industrial chain in Mexico faces the risk of being disrupted, which will ultimately have repercussions on consumer spending and further exacerbate inflation in the long run.
"Young people from the U.S. are no longer willing to work in the manufacturing sector. I believe there will be no growth in the relocation of automotive parts and vehicles factories in the short term," said Guillermo Rosales Zarate, ADMA's executive president.
"Personally, I hope this avalanche of tariffs doesn't continue; otherwise, it will lead to more significant issues affecting the U.S. economy. If these tariffs remain in place long-term, it will be the American people who suffer the most," said Ricardo Ramos, a professor with the Autonomous University of Ciudad Juarez.
U.S. automotive tariffs deepen industry pressures, halt investments in Mexico
