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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Entrevista con Javier Milei, presidente de Argentina
Transcripción de su encuentro con nuestro corresponsal
An interview with Javier Milei, Argentina’s president
A transcript of his meeting with our journalist
Mexico and Canada brace for Donald Trump’s tariff thrashing
Mexico’s Claudia Sheinbaum and Canada’s Justin Trudeau are taking different approaches to looming trade war
Javier Milei, free-market revolutionary
Argentina’s president explains how he has overturned the old economic order
Is Uruguay too stable for its own good?
The new president must deal with serious problems with growth, education and crime
Bolsonaro’s bid to regain Brazil’s presidency may end in prison
Brazilian police have accused some of his backers of involvement not just in a coup, but in an assassination plot
