Saltillo, Mexico - Over the years, a “mini-Detroit” blossomed in these desert highlands 200 miles south of the Texas border. General Motors, Stellantis and Daimler Trucks set up sprawling plants to churn out vehicles for export. Around them, a constellation of factories sprung up, with names like Detroit Diesel and Liberty Steel.

China has strengthened trade with Latin America at the expense of the U.S. But Donald Trump, who threatens to raise tariffs on Mexico, could upend those ties.

Mexico is planning to establish a “task force” to involve US companies in the process of reducing imports from China, the country’s economy minister told a group of auto suppliers at a private meeting Friday in Detroit.

Mexico’s government on Monday launched a plan to shrink its yawning trade deficit with China and attract investment, in an olive branch to Donald Trump’s incoming US administration.

Mexico, currently the No. 12 economy according to World Bank data, aims to crack the Top 10 by 2030, Sheinbaum said. The nation will do so by boosting local manufacturing and swapping out imports, creating manufacturing jobs and cutting through red tape to attract investments in the country, Sheinbaum said.

Chinese companies looked to Mexico more than most. Their investment in the country has surged. Mr Trump (who has already threatened to apply a tariff of 25% to Mexican imports “on day one” unless it stops migrants and drugs from illegally crossing the border) believes those firms are using Mexico as a tariff-free gateway to the United States.

No, these aren’t trendy tech startups or flashy new cryptocurrencies. They’re Chinese automakers rapidly gaining traction in Mexico’s car market. The deals with the regional sports networks are for multiple years, and in line with moves Comcast/Xfinity has made in approximately 30 other markets.

He’s threatening to do it again. Round One inadvertently pushed China and Mexico closer together on trade and foreign investment, as China sought new trade partners and a detour for its exports ...

He's threatening to do it again. Round One inadvertently pushed China and Mexico closer together on trade and foreign investment, as China sought new trade partners and a detour for its exports to ...

The S&P 500 dropped 21% in the first half of 2022. It was the worst six month start since 1970. It could happen again. Some of the ingredients are in place. If there was a single driver of the 2022 sell off it was inflation The CPI rose 9.

Donald Trump has appointed Sen. Marco Rubio as his next Secretary of State, and is seeking to reposition the U.S. in Latin America to prevent China's aggressive commercial advance, while also strengthening U.