For First Time in Two Decades, U.S. Buys More From Mexico Than China
For First Time in Two Decades, U.S. Buys More From Mexico Than China
The United States bought more goods from Mexico than China in 2023 for the first time in 20 years, evidence of how much global trade patterns have shifted.
This is only going to continue. A strong and prosperous Mexico is a strategic win for the United States in a lot of different ways
Good, much better than buying shit directly from China either way - shorter supply loop, hybrid Mexican/Chinese expertise & quality control, this is why we want international relations really.
How?
If some Americans I disagree with want fewer immigrants coming here, then a more stable Mexico would encourage Mexicans and other Spanish speaking immigrants to stay in Mexico. Mexicans wouldn't immigrate to the USA, and Guatemalans and so on would stop at stable and prosperous Mexico rather than making the further journey to the culturally estranged USA. Instead of building the wall, we'd make Mexico a net.
The more robust legitimate economy Mexico builds for itself the less power the cartels have.
Jokes on them, Mexico is just selling shit they bought from China.
Mexico supplies us with a ton of produce. They have a great climate for growing year-round
Is this due to tariffs? We just import China stuff via Mexico so suppliers can avoid tariffs?
Joke's* on them
Or just press the reader view button in Firefox's address bar. Doesn't work for every website, but it works on this one.
TIL everyone uses Firefox.
Serious question though... do most modern browsers have this option? I really only use Firefox so I'm not familiar with the others.
This is the best summary I could come up with:
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.
He found a client in Hisun, a Chinese producer of all-terrain vehicles, which hired Mr. Villarreal to establish a $152 million manufacturing site in Saltillo, an industrial hub in northern Mexico.
New data released on Wednesday showed that Mexico outpaced China to become America’s top source of official imports for the first time in 20 years — a significant shift that highlights how increased tensions between Washington and Beijing are altering trade flows.
American consumers and businesses turned to Mexico, Europe, South Korea, India, Canada and Vietnam for auto parts, shoes, toys and raw materials.
U.S. imports fell annually as Americans bought less crude oil and chemicals and fewer consumer goods, including cellphones, clothes, camping gear, toys and furniture.
Even as concerns about the coronavirus faded in 2022, the United States continued to import a lot of Chinese products, as bottlenecks at congested U.S. ports finally cleared and businesses restocked their warehouses.
The original article contains 1,430 words, the summary contains 180 words. Saved 87%. I'm a bot and I'm open source!
Wow so according to the right, the rapists and terrorists are really good at manufacturing.
Wait... so Trump's tariffs WORKED!? Heavy-handed though they may have been in the application, Biden has continued them so they seem to have the blessing of the current administration. Wow... historians are going to have a hard time trying to separate stuff that was "good" (even a stopped watch is right twice a day) from the prior administration vs. all the rest.
It's great for Mexico though.
Trumps tariffs were intended to spark growth in domestic manufacturing, not Mexican manufacturing. Not to mention the fact that he also absolutely fucked over a huge portion of Midwest farmers with that choice also can't possibly be seen as "good".
There's this thing known as inertia. If Biden were to reverse the Trump administration tariffs, China doesn't have any reason to remove their tariffs on the US (which were made in response to Trumps tariffs) but would still benefit, especially with the huge rise of tensions between the US and China over Taiwan.
The only reason the tariffs are still in effect is that it wouldn't do anything good for the US to repeal or to have repealed them, not because they were a good idea.
Thank you for the explanation.
China's pandemic policies are what made US companies reconsider where labor had been outsourced. That work is now moving to India, Malaysia, Vietnam, Mexico. Many were pissed China demanded halts to production. The capitalists want their product made when they want it. Going forward, that will not as often be out of China.
This is the correct answer. Manufacturing company higher ups lost their shit when the spice stopped flowing to save human life
They did work, to a point, but were also pretty hurtful to US economy. The company I worked for, which shall not be named, decided to move a sizable chunk of product manufacturing to Malaysia, and is (was?) considering Mexico as well, all because of the tariffs. This caused the stock to tank, and money was lost, but then, it proved pretty handy when covid hit.
I don't like Trump, and I didn't like the way tariffs were implemented, but I strongly agree the US needs to be less dependent on China. Tariff did the job somewhat, so I guess it wasn't a completely wrong decision.
.. Tariffs DISCOURAGE foreign trade. So no, this worked IN SPITE of Trumps' retarded tarrifs.
The tarrifs were (and are) applied to China. Mexico, a signatory to USMCA, does not experience them.