Photo: BGNES/EPA
A new country has overtaken China as the largest economic partner of the United States, Bloomberg reported.
In recent years, the US has been trying to wean itself off dependence on Chinese supplies. This opens up a serious chance for Mexico.
The country has already become the largest supplier to the American state. Mexico currently has the most stable currency in the world and a very well performing stock market.
There was a forty percent increase in foreign investment. Major companies have announced the opening of their offices there.
Several of the leading EV manufacturers have announced major investments in Mexico. Many Chinese enterprises also prefer the country to ensure exchanges with American markets.
The US enjoys the chance to import products from a geographically nearby country and will likely continue to invest there.
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2023-09-13 20:10:00
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