KSTR - Mexico Passes China As U.S.'s Biggest Source Of Imports: What That Says About The State Of Global Trade
2024-02-21 02:34:00 ET
Summary
- Mexico benefits from China's trade dispute with the U.S.
- Is China still the world's manufacturer?
- How global trade is changing.
For the first time in 20 years, China is no longer the main seller of goods to the US. That title is now held by Mexico. Derek Burleton, Deputy-Chief Economist at TD, discusses the changing globalization landscape and Canada's ability to compete.
Transcript
Kim Parlee: While it may have been unthinkable not that long ago, for the first time in 20 years, China is no longer the main seller of goods to the United States. That title is now held by Mexico. The change highlights how global trade is evolving after recent supply chain issues, political disputes, and, of course, the pandemic....
Mexico Passes China As U.S.'s Biggest Source Of Imports: What That Says About The State Of Global Trade