Mexico awaits ‘nearshoring’ shift as China boosts its direct investment - Dallasfed.org
When it comes to trading goods with the United States, Mexico would appear a logical sourcing alternative to China. Before the pandemic, increasing friction between the U.S. and China—the top supplier of goods imports to the U.S. in 2019—contributed to an anticipated “nearshoring” shift among companies dependent on Asia.| www.dallasfed.org
