US imports from top two nations (in billions):
Mexico 🇲🇽 : $475
China 🇨🇳: $430
But here is the catch:
🔹Chinese companies are setting up factories in Mexico.
🔹China sends intermediary products to Mexico, which assembles and exports to USA. apnews.com
Mexico 🇲🇽 : $475
China 🇨🇳: $430
But here is the catch:
🔹Chinese companies are setting up factories in Mexico.
🔹China sends intermediary products to Mexico, which assembles and exports to USA. apnews.com
So, basically, some/many “Mexican” goods are still “Chinese.”
😆
But such shenanigans make US politicians look good.
😆
But such shenanigans make US politicians look good.
Notice how China’s exports to Mexico have doubled since 2018 when the U.S. started the trade war against China!
China’s FDI into Mexico is growing rapidly — about $3 billion dollars a year.
Chinese companies are setting up factories ranging from solar panels and construction machinery to electric cars (BYD) in Mexico.
Chinese companies are setting up factories ranging from solar panels and construction machinery to electric cars (BYD) in Mexico.
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