The SupplyChainBrain reports that tariff tensions between China and America have sparked a ‘sharp change’ in trade with Mexico. They write:
Increasing trade tensions between the U.S. and China have led to a substantial increase in container imports from China into Mexico.
According to a report from logistics intelligence company Vesselbot, twenty-foot-equivalent (TEU) container volumes from China into Mexico increased by more than 61% between January and June of 2024, in addition to a 64% year-over-year increase in January.
“This sharp change has sparked concerns that Mexico might be acting as an alternative for Chinese goods to enter the U.S., bypassing the high tariffs imposed as part of the trade conflict between the U.S. and China,” Vesselbot’s report reads. […]
In July, the U.S. attempted to close that loophole, with Biden imposing 10-25% tariffs on Mexican-imported steel and aluminum that was melted or poured in another country. Even so, those levies didn’t cover other Chinese products being routed through Mexico that would otherwise be subjected to tariffs if they were imported directly from China into the U.S.
Read more here.
