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Mexico Supplants China as America’s Top Source of Imports, But the “World’s Factory” is Opening New Back Doors

February 8, 2024


For the first time in more than two decades, the United States imported more goods from Mexico than China, Census data revealed on Wednesday. This apparent world trade transformation, along with news of a more than 10% reduction in the U.S. goods trade deficit in 2023, is ostensibly a win for the U.S., but the trade data uncovers a pernicious pattern that cannot be ignored.

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