President Joe Biden and President Andrés Manuel López Obrador of Mexico shake hands during a welcome ceremony at the 2023 North American Leaders’ Summit. Hector Vivas/Getty Images
- Mexico is now America’s top trade partner thanks to US-China tensions and “nearshoring.”
- To benefit, Mexico needs to make critical changes to its infrastructure to meet increased demand.
- Mexico has benefited as a link between the US and China but has also angered both already.
Mexico is America’s new, old best friend in the world economy, but now its neighbor to the south needs to figure out how to take advantage of its status.
According to a recent post from Luis Torres, a senior business economist at the Federal Reserve Bank of Dallas, Mexico has once again cemented its place as America’s top trading partner.
But now Mexico needs to show it can sustain the momentum that appears to be building…
