Summary
- Mexico’s economic secretary, Marcelo Ebrard, stated that Mexico would side with the United States in a trade confrontation with China.
- Mexico displaced China as the main exporter of products to the US in 2023.
- Ebrard emphasized the importance of nearshoring and its benefits for foreign trade.
- Nearshoring between the US and Mexico is seen as more beneficial than outsourcing to China due to cost, time, efficiency, and geopolitical advantages.