Mexico’s tricky trade triangle
Editorial The Economist
Trade data released last month showed that Mexico overtook China last year to become the top exporter to the US, says The Economist. This rise has the “whiff of a new world order for global trade”, as America’s efforts to decouple from China and increase “nearshoring” intensify, aided by USMCA, the updated free-trade agreement between the US, Mexico and Canada, in force since 2020. However, the “third side” of the trade triangle, between Mexico and