The United States bought more goods from Mexico than China in 2023 for the first time in 20 years, evidence of how much global trade patterns have shifted.
China’s pandemic policies are what made US companies reconsider where labor had been outsourced. That work is now moving to India, Malaysia, Vietnam, Mexico. Many were pissed China demanded halts to production. The capitalists want their product made when they want it. Going forward, that will not as often be out of China.
China’s pandemic policies are what made US companies reconsider where labor had been outsourced. That work is now moving to India, Malaysia, Vietnam, Mexico. Many were pissed China demanded halts to production. The capitalists want their product made when they want it. Going forward, that will not as often be out of China.