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Mexico pledges to shrink trade deficit with China in nod to Donald Trump

  • Mexico's President Claudia Sheinbaum announced an economic strategy to reduce imports from China and strengthen local industries, responding to pressure from the United States and Canada.
  • Sheinbaum aims to cut bureaucracy, increase investment to 28 percent of GDP, and create 1.5 million manufacturing jobs by 2030.
  • The Mexican government plans to enforce customs regulations and support the USMCA trade agreement to combat Chinese competition and protect local jobs.
  • Manufacturers in the U.S. And Mexico praised new tariffs against Chinese companies, citing significant job losses due to unfair competition from China.
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