Mexico Bets Trump Is Bluffing On Tariffs

New York Times: “The last time Mr. Trump was president, he unleashed a trade war against China that proved beneficial to Mexican industry. Companies that relied on Chinese factories to make goods for the American market shifted production to plants in Mexico to avoid Mr. Trump’s tariffs.” “That trend, known as “nearshoring,” gained momentum as President Biden extended tariffs on Chinese imports.

Topics:  york   times   china   mexican   chinese   american   mr trump s    that   president biden   asia   united states   mr trump   mexico   tariffs   factories   plants   companies   
BING NEWS:
  • Mexico, Betting Trump Is Bluffing on Tariffs, Sees an Opportunity
    Business leaders in Mexico say the incoming U.S. administration will enhance the appeal of their factories as an alternative to plants in China.
    12/27/2024 - 9:00 pm | View Link
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