Mexico set to beat China as largest exporter to US

News Snapshot:

As global trade flows shift amid an intensifying great power competition between Washington and Beijing, the US is moving to import less from China in an effort to reduce dependencies on its chief geopolitical rival. Data released by the US Census Bureau on Tuesday (Jan. 9) show Mexico surpassing China as the largest exporter to the US in the first eleven months of 2023. While figures for December won’t be released until Feb. 7, it appears that Mexico is on track to beat China as America’s top source of imports. That would be the first time it has done so...