The trade world can change very fast. China was the dominate trading partner with the US by a significant margin, but that is no longer the case. Mexico has been the beneficiary for on-shoring, near-shoring, or friend-shoring. Regardless of the name, the US is willing to tighten trade links with Mexico over China. Of course, China could be exporting goods to Mexico, and these are forwarded to the US in an effort to beat some tariffs. While the talk about friendly trade links with China has been in the news, the reality is that companies are switching supply lines.
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