– As a US Manufacturing base and trade partner.
At the beginning of 2023, Mexico became the top U.S. trading partner with bilateral trade between the two countries totaling $263 billion during the first four months of this year, according to a report from the Federal Reserve Bank of Dallas.
“Mexico’s emergence followed fractious U.S. relations with China, which had moved past Canada to claim the top trading spot in 2014,” said the Federal Reserve Bank of Dallas.
“The dynamic changed in 2018 when the U.S. imposed tariffs on China’s goods and with subsequent pandemic-era supply-chain disruptions that altered international trade and investment flows worldwide.
Hmm, I can’t put my finger on it, but something is missing from this article…
This is a sign of the importance of the TMEC (Mexico-United States-Canada Treaty), a trade agreement where ties with the United States and Canada have been strengthened, and where an institutional framework was established that grants legal certainty to investors, businessmen, and consumers in the region.
Yep, definitely something missing…
In addition, the USMCA (United States-Mexico-Canada Agreement) has created a strong, predictable platform from which to manufacture for the U.S. market. Mexico has seen substantial flows of investment, including from China, into warehousing and assembly operations, particularly in northern Mexico.
Got it. Something changed in our relationship with China (tariffs) and our trade agreements with Mexico and Canada (NAFTA gone). There must be SOMETHING in common.
No mention of the person that understands the economy of the US and the need to get manufacturing out of the hands of a mortal enemy. No mention of the person that eliminated NAFTA, one of the worst trade agreements ever structured if you are a US citizen. No mention of the person that actually had the courage to put tariffs on the Chinese.
NO MENTION
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