Amazon, MercadoLibre to benefit from Mexico import tariffs, Itau BBA says [Yahoo! Finance Canada]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: Yahoo! Finance Canada
benefit from new tariffs on low-cost imports into Mexico over Asian retailers like Shein and Temu, according to analysts at Itau BBA. Mexico this month imposed a 19% tax on imports via courier services from countries with which it does not have a free-trade agreement, which includes China. Imports from the U.S. and Canada, part of a regional trade agreement with Mexico, will be exempt on purchases worth under $50. Items worth between $50 and $117 coming from the U.S. and Canada will face a 17% duty. "The policy seems primarily targeted at Asian players like Shein and Temu, which previously benefited from exemptions on imports below $50," analysts at Itau BBA wrote in a note sent to media on Tuesday. The measures come amid heightened trade tensions with the U.S. President-elect Donald Trump, who campaigned on a promise to impose stiff tariffs, including on Mexico and Canada, doubled down on the threat on Tuesday, promising "very serious" tariffs on the two countries. Trump ha
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MELI
News
- MercadoLibre, Inc. (NASDAQ: MELI) had its price target lowered by analysts at JPMorgan Chase & Co. from $2,150.00 to $1,950.00. They now have a "neutral" rating on the stock.MarketBeat
- Amazon, MercadoLibre to benefit from Mexico import tariffs, Itau BBA says [Yahoo! Finance Canada]Yahoo! Finance Canada
- Got $5,000? These 3 Growth Stocks Could Triple Your Money [Yahoo! Finance Canada]Yahoo! Finance Canada
- MercadoLibre, Inc. (NASDAQ: MELI) had its price target lowered by analysts at Wedbush from $2,200.00 to $2,100.00. They now have an "outperform" rating on the stock.MarketBeat
- 1 Potential Stock-Split Stock Up 5,950% Since Its IPO to Buy Before It Soars in 2025, According to Wall Street [Yahoo! Finance]Yahoo! Finance
MELI
Earnings
- 11/6/24 - Miss
MELI
Sec Filings
- 12/2/24 - Form 4
- 11/27/24 - Form 144
- 11/7/24 - Form 10-Q
- MELI's page on the SEC website