Mexico edges out China as the top supplier to the U.S. market
The latest data shows that the American economy is changing its direction, placing greater emphasis on importing goods and goods from Mexico rather than from China. So far, Xi Jinping's country has been the leader in this respect.
9:55 AM EST, February 8, 2024
U.S. The Commerce Department on Tuesday released data on the value of goods imported by the United States. These numbers, quoted by ABC News, clearly indicate who is now the most important exporter for the United States.
This is Mexico, the value of goods imported by the United States in 2023 increased by 5% compared to 2022 and amounted to $475 billion. The same value of goods imported from China was $427 billion. According to ABC News, the last time Mexico overtook China in this respect was in 2002.
One of the reasons for such a change is the economic policy of President Joe Biden's administration, which assumes importing goods from countries that are more allies to the United States than China and looking for geographically closer sources of import, which was forced by the coronavirus epidemic.
Such economic dependence of the United States on Mexico looks interesting in terms of recent tensions and migration problems. In December 2023, a record number of people were detained at the US-Mexico border, reaching 300,000. Recently, the Senate also discussed the Border Security Bill, which also dealt with issuing migration from Mexico. One of its provisions was that the president of the United States could close the border if the number of migrants trying to enter the United States exceeded 4,000 in a week. However, the Senate blocked this Bill.
Sources: ABC News, Al Jazeera, The Guardian
