Reported about 19 hours ago
Mexico's President Claudia Sheinbaum has introduced a plan aimed at decreasing imports from China to bolster local manufacturing and strengthen trade relationships with the US and Canada. The initiative includes tax incentives for nearshoring and commitments to enhance local production capabilities across various sectors. With a goal to replace 10% of imports from China, the plan is anticipated to positively impact Mexico's GDP and facilitate greater investment in renewable energy and local goods.
Source: YAHOO