Shore Thing: Mexico overtakes China as top source of goods imported by US

Shore Thing: Mexico overtakes China as top source of goods imported by US

US-CHINA SHORE THING: Biden's "friend-shoring" strategy reshapes US manufacturing landscape as Mexico surpasses China as top import source  In a significant economic shift, Mexico has overtaken China as the leading source of goods imported by the United States for the first time in over two decades. This milestone reflects changing dynamics in global trade relations and efforts by the US to diversify its import sources. As tensions with China rise, the US is shifting gears, urging companies to seek suppliers in allied countries ("friend-shoring") or bring manufacturing back home ("reshoring"). With supply-chain disruptions from the pandemic, US firms are also looking closer to home ("near-shoring").  Know more Copyright © 2024 BusinessMirror, All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: BusinessMirror 2113 Chino Roces corner Dela Rosa Streets Pio del Pilar Makati 1230 Philippines Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list. Follow the BusinessMirror Follow the Philippines Graphic