For first time in two decades, U S buys more from Mexico than China seattletimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seattletimes.com Daily Mail and Mail on Sunday newspapers.
Last year, for the first time in more than two decades, Mexico surpassed China as the leading source of goods imported by the United States. The reasons are manifold: the pandemic, US trade tariffs, and improved manufacturing capabilities in Mexico. Host Carolyn Beeler explores it all with Caroline Freund, dean of the School of Global Policy and Strategy at the University of
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
Mexican exports to the U.S. topped out at $475.6 billion, beating China which saw its exports to the U.S. fall by 20% year-over-year to $427.2 billion.