China Shifts Exports to Mexico to Dodge US Tariffs and Retain Access to American Market
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China's exports to Mexico jumped nearly 60% year-over-year in January, likely to circumvent US tariffs.
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Many Chinese goods shipped to Mexico are probably trucked into the US market.
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Mexico became the US's top trade partner in 2022, overtaking China amid geopolitical tensions.
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Chinese manufacturers are relocating production to Mexico to access the US market and avoid tariffs.
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Mexico is an increasingly strategic location for China to sell to the US, a key consuming market.