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TimeSuck5000 t1_jdhonus wrote

Reply to comment by TrustM3ImAnEngineer in [OC] In 2022, Mexico traded more with Texas than it did with all of Asia and 6x as much as it did with all of LatAm. by latinometrics

And there’s no insight into exports vs imports. Is the trade with Asia cheap goods that Mexico adds value to and sells to the US and Europe? Or is Asia a final destination for exports? Can’t tell.

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6158675309 t1_jdijgc2 wrote

Yup, a lot of firms from China setup shop in Mexico when tariffs were put in place. Intermediate stop, some minor change and now...Made in Mexico vs China.

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MedioBandido t1_jdipgj3 wrote

Yes to an extent. It’s not 1:1. There’s a pretty convoluted formula used to determine country of origin depending on where the components come from. If you shipped 100% of components to Mexico where you glued them together, I don’t think you’d get away with an Hecho en Mexico.

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6158675309 t1_jdjjh9h wrote

Yeah. I’m not sure for country of origin. I will see if I can find it. I was listening to a podcast and it was about Chinese firms buying up massive sites for factories in Mexico to get around US tariffs.

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