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MEXICO CITY (Reuters) – Japanese carmaker Nissan Motor Co Ltd (7201.T) will lay off about 1,000 workers in Mexico at two factories, citing “challenging market conditions,” the company said on Thursday. The layoffs will hit Nissan’s Cuernavaca and Aguascalientes manufacturing facilities tiffany cufflinks full metal jacket uk online. The company is still determining how the cuts will be distributed across the two plants but has already begun laying off people in Aguascalientes, Herman Morfin, a spokesman for Nissan Mexico, told Reuters..

In a separate email, Brian Brockman, Nissan’s director of corporate communications, wrote that Nissan would adjust its production levels “in response to challenging market conditions in Mexico.”. Nissan attributed its decision to a “decline suffered by the Mexican automotive industry,” driven by an increase in the costs of raw materials, among other factors tiffany cufflinks full metal jacket uk online. In May, the Japanese auto maker said it would reduce vehicle production by up to 20 percent in North America. The decision was a response to the company’s declining profitability in the United States, the world’s second-biggest auto market and Nissan’s top market for sales..

CHICAGO (Reuters) – In the nearly 40 years she has spent in trade, Amy Magnus has never seen retailers hoarding so much inventory tiffany cufflinks full metal jacket uk online. Warehouses throughout the United States are at record capacity with Chinese imports of all kinds – microwaves, vacuum cleaner filters, swimwear, furniture – stacked to the ceiling, according to Magnus, who heads the National Customs Brokers & Forwarders Association of America, whose members work with over 250,000 importers and exporters. “My office is right on a land border and I can see the trucks just coming across non-stop from my window,” Magnus said, referring to her birds-eye view from Champlain, New York, of trade on the border between Canada and the United States..

“Even with Christmas, it’s been notably busier this week and last week than it’s ever been before.”. She is one of over a dozen customs brokers, retailers, vendors, analysts and supply chain experts who told Reuters that retailers have been stockpiling inventory from China to avoid higher tariffs that may kick in next year. The buying binge is also evident in recent data from the National Retail Federation (NRF) and Hackett Associates, which show imports at major U.S tiffany cufflinks full metal jacket uk online. retail container ports surged 13.6 percent to a record 2.04 million containers in October. This helped push the U.S. trade deficit with China to a record high..

Stores including Walmart Inc, Target Corp, TJX Companies Inc and Macy’s Inc raced to buy Chinese products in September, the sources said, the same month the Trump Administration announced 25 percent tariffs would go into effect on Jan tiffany cufflinks full metal jacket uk online. 1 on $200 billion of Chinese imports. The U.S. and China have since agreed to a 90-day trade war truce until March 2, but supply chain firms and vendors said this has not slowed buying or forward orders because the tariffs could still be hiked. “We have been tactical and pulled some orders forward,” Walmart spokeswoman Marilee McInnis told Reuters in an emailed statement. The other major retailers, including Target, TJX and Macy’s would not comment for this story on the part tariffs played in their approach to buying inventory this year..