Mexico is planning to establish a “task force” to involve US companies in the process of reducing imports from China, the country’s economy minister told a group of auto suppliers at a private meeting Friday in Detroit.

China has strengthened trade with Latin America at the expense of the U.S. But Donald Trump, who threatens to raise tariffs on Mexico, could upend those ties.

Mexico’s government on Monday launched a plan to shrink its yawning trade deficit with China and attract investment, in an olive branch to Donald Trump’s incoming US administration.

Mexico, currently the No. 12 economy according to World Bank data, aims to crack the Top 10 by 2030, Sheinbaum said. The nation will do so by boosting local manufacturing and swapping out imports, creating manufacturing jobs and cutting through red tape to attract investments in the country, Sheinbaum said.

Chinese companies looked to Mexico more than most. Their investment in the country has surged. Mr Trump (who has already threatened to apply a tariff of 25% to Mexican imports “on day one” unless it stops migrants and drugs from illegally crossing the border) believes those firms are using Mexico as a tariff-free gateway to the United States.

Mexico’s President Claudia Sheinbaum said on Monday that she too would act to reduce her country’s trade deficit with China. Mexico recently imposed tariffs on Chinese clothing, textiles and small parcels. If the US does build the promised wall against ...

He’s threatening to do it again. Round One inadvertently pushed China and Mexico closer together on trade and foreign investment, as China sought new trade partners and a detour for its exports ...

He's threatening to do it again. Round One inadvertently pushed China and Mexico closer together on trade and foreign investment, as China sought new trade partners and a detour for its exports to ...

Geopolitics have taken "center stage" as the defining feature shaping the global risk landscape, according to risk management firm Verisk Maplecroft.

Mexico is the United States' top trading partner. The Bank of Mexico forecasts the economy to grow 1.2% in 2025, down from a forecast of 1.8% in 2024. KPMG's Ricardo Delfin highlighted Trump's return and his tariff threats to Mexico, as well as the U.S.'s trade tensions with China, as significant contributors to global complexity.

I examine what is happening with President-elect Donald Trump’s transition to the White House. This week: Donald Trump has vowed to remake U.S. foreign policy and has assembled a team