Mexico scrambles to reassure Chinese investors amid Trump tariff threats

Quick Summary:

Many in China are worried that Mexico will cave to US pressure to clamp down on Chinese-funded factories.

The Latin American nation is a popular choice thanks to its proximity to the US and its participation in the United States-Mexico-Canada Agreement (USMCA) – which guarantees as long as a certain percentage of content is made locally in North America, products can enter the US market free of taxes.

Chinese exporters have poured investment into Mexico over the past few years, seeking a cheaper route into the US market amid the US-China trade war.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Ji Siqi

Category: Business

Markets: Hong KongCanadaChinaGermanyJapanMexicoUnited States

Topics: Toledo China Mexican Becomes Supply Chain Mexico Company North Remain Chinese

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 22:00:08 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 212 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 43 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23921361

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 16 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 6 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions