Chinese Companies Build Factories in Mexico to Exploit “Friendshoring”
Rising levels of foreign direct investment by China into Mexico enables tariff-avoiding shipments of Chinese goods and parts into the U.S.
Duty-Free Steel Imports from Mexico Surge Beyond Agreed Upon Levels
U.S. steel imports from Mexico have surged despite a 2019 U.S.-Mexico agreement to maintain steel imports at past levels.
Mexico and Guatemala Governments are Working Against Their Own Peoples’ Interests
The Mexican & Guatemalan governments are working against their own peoples’ interests. Rather than weakening our rules of origin, North American leaders should be united in recapturing market share lost to China.
July Trade Deficit Falls, But Year-Ender Will See Record Breakers With EU, Canada, & Vietnam
The July goods trade deficit shrunk somewhat but that is not going to stop a $1 trillion goods deficit in 2021. Plus, Vietnam surpasses Germany as major U.S.-bound exporter as China moves offshore to avoid tariffs.