President Claudia Sheinbaum says Mexico could retaliate with tariffs of its own, after President-elect Donald Trump threatened to impose 25% tariffs on Mexican goods.
If I remember right, it’s a supply chain thing where a ton of stuff gets made in China but is still a US product and sometimes finished here. Think iPhones, for example. Apple is still a US company, it’s not like China can just sell Mexico iPhones direct.
A shit ton of electronics, oil, industrial equipment, plastics, and a surprising large amount of agriculture like pork, corn, dairy.
We actually trade a crap ton with Mexico.
I would not have guessed electronics. Usually I think of China, Japan, and South Korea as major suppliers.
If I remember right, it’s a supply chain thing where a ton of stuff gets made in China but is still a US product and sometimes finished here. Think iPhones, for example. Apple is still a US company, it’s not like China can just sell Mexico iPhones direct.
Ps this is also why tariffs are extremely stupid.