Mexico and China's rapidly growing trade relationship, fueled by US-China tariffs, positions Mexico as a key player in global supply chains and the green energy transition.
Mexico and China are quickly establishing one of the largest trade routes in the world. Trade between the two counties shot up by 60 percent compared to last year, making it “probably the strongest growing trade in the world right now,” in the words of European data analytics firm Xeneta. The huge uptick in Chinese-Mexican trade comes as a result of a slew of U.S. tariffs on imports of Chinese goods.
Chinese EV firm BYD plans to open up a new manufacturing plant in Mexico expected to create as many as 10,000 new jobs. 'Given Mexico's large domestic market and strong auto production capabilities, many Chinese car manufacturers are now selling vehicles in Mexico and showing rising interest in manufacturing vehicles locally,' Bernal said.
China Trade US-China Trade War Near-Shoring Friend-Shoring Green Energy Clean Technology Lithium Rare Earth Elements
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