«When the president Donald Trump started elevating tariffs earlier this yr, authorities officers and economists feared that theMexican financial systemThe export-oriented financial system would have suffered a devastating blow. Instead, the Mexican exports to the United States grew». The Wall Street Journal wrote it, underlining that «regardless of the excessive duties on vehicles, metal and aluminum destined for the American market, Mexican manufacturing exports to the United States elevated by virtually 9% from January to Novemberin comparison with the primary 11 months of 2024, in line with Mexican authorities knowledge.”
Automotive exports to the United States fell by nearly 6 percent over the same period, but exports of other manufacturing goods grew by 17%. Trade in goods between the United States and Mexico, a country led by the president Claudia Sheinbaumis on track to reach a record of nearly $900 billion this year.” According to the central bank’s forecasts, theMexico’s economy is expected to grow by 0.3% in 2025.
Weak growth, observes the US business daily, “however removed from the 1% contraction that was anticipated at this level”, said Kathryn Exum of Gramercy Funds Management. In 2023 Mexico has overtaken China as the main foreign supplier of goods for the United States and has also become its largest buyer, thanks to deep regional manufacturing integration and a large pool of young, low-cost labor. Many of the imports Americans from Mexico are intermediate goods used to produce exports destined again for the United States.
https://www.ilsole24ore.com/art/dazi-wsj-messico-vincitore-inaspettato-guerra-commerciale-gli-usa-AIpFtGb