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Mexico has supplanted China as the United States' top trading partner
National security and supply-chain resilience may now be more important to the United States than cheap prices.
However, declining trade with China might mean rising costs for US consumers and companies.
The auto industry accounts for nearly a quarter of the total manufacturing trade activity between the US and Mexico.
China exports more to the US than the US sends to China, but trade with Mexico is more balanced between imports and exports.
In some industries, products are started in US plants and finished in Mexican factories before going back to the US.
Source: Axios Visuals, https://www.axios.com/2023/07/12/us-top-trading-partner-mexico-china
