For First Time in Two Decades, U.S. Buys More From Mexico Than China

WASHINGTON — In the depths of the pandemic, as global supply chains buckled and the cost of shipping a container to China soared nearly twentyfold, Marco Villarreal spied an opportunity. In 2021, Villarreal resigned as Caterpillar’s director general in Mexico and began nurturing ties with companies looking to shift manufacturing from China to Mexico. He found a client in Hisun, a Chinese producer of all-terrain vehicles, which hired Villarreal to establish a $152 million manufacturing site in Sa

Related Keywords

France ,United States ,Tennessee ,New York ,Kentucky ,Ukraine ,San Diego ,California ,India ,Russia ,Mexico ,Washington ,Vietnam ,Republic Of ,China ,Canada ,South Korea ,Saltillo ,Coahuila De Zaragoza ,Beijing ,Georgia ,Mexican ,South Korean ,America ,French ,American ,Chinese ,Americans ,Joe Biden ,Brad Setser ,Marco Villarreal ,Caroline Freund ,Mark Zandi ,School Of Global ,Caterpillar ,Samsung ,Hyundai ,York Times Company ,World Trade Organization ,University Of California ,Council On Foreign Relations ,North America ,United State ,Global Policy ,Stela Rubinova ,World Trade ,Central America ,Schneider Electric ,United Nations Conference ,Like Mexico ,President Joe Biden ,New York Times ,Northern Mexico ,Villarreal ,