Could there be a US-Mexico trade war?
The bilateral trade deficit has exploded since Donald Trump was president
Mexican and US officials were cheered by trade data released in February. It showed that Mexico overtook China in 2023 to become the number-one exporter to the United States (see chart). The value of goods sold has been rising steadily, and reached almost $476bn for the year; the equivalent figure for Chinese goods fell sharply, from $536bn in 2022 to $427bn in 2023.
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This article appeared in the The Americas section of the print edition under the headline “Stuck in the middle”
From the March 16th 2024 edition
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