Mexico has surpassed China as America's top trade partner, signaling a changing dynamic within the global economy that reflects the increasing tensions between Washington and Beijing. Laila Maidan, an investing correspondent at Insider, joins CBS News to discuss.
  • The Quuuuuill
    26•1 year ago

    There’s good and bad about this. Looking on the optimistic side, it’s far less energy demanding to ship goods from Mexico to America

    • @[email protected]
      14•1 year ago

      Perhaps not Mexico specifically, but N+S American trade was bound to increase dramatically once China started making demands on the US. China’s play with Cuba will be met with even more push to stop buying Chinese goods. China is a manufacturing powerhouse, but S and Central American land and labor is cheaper.

      We’ll just have to wait and see in about 15 years

      • @[email protected]
        21•1 year ago

        Two largest economies/militaries/second + third largest nuclear arsenals being heavily economically dependant on each other is good for stability.

        • @jiji
          6•1 year ago

          So it’s not “trading more with Mexico is bad” and rather “not trading so much with China is bad”. That makes sense. Thanks

      • The Quuuuuill
        9•1 year ago

        Basically nation states are like teenagers and we’ve decided to stop hanging out with one of the popular girls because we’ve decided Becky down the street is nicer, so what if she doesn’t have as much money. Meanwhile, Susan is prone to jealousy and lashing out and is probably going to make our lives really upsetting by spreading rumors about how we’ve got a pencil dick and we’ve been sleeping with that one kid who everyone bullies that smells funny

  • TigrisMorte
    3•1 year ago

    Please note: this would be because the loop hole in the altNAFTA of crap built in China being final assembled in Mexico.

  • @hark
    -1•1 year ago

    Does that drop coincide with the high tech chip ban on China?