Mexico wants to curb Chinese imports

MEXICO - Mexico wants to reduce its dependence on Chinese imports and asked some of the world's largest manufacturers and technology companies operating there to identify Chinese products and parts that could be manufactured locally, the Wall Street Journal (WSJ) reported, citing an interview with the Undersecretary of Foreign Trade, Luis Rosendo Gutiérrez.

“We want to focus on supporting our domestic supply chains,” the newspaper noted.

President Claudia Sheinbaum's administration, would seek to have some U.S. automakers and semiconductor manufacturers, as well as global giants in the aerospace and electronics sectors, substitute goods and components made in China.

These proposed measures will focus solely on China for the time being, as it consolidates its position as the main trade rival in the global race to attract manufacturing investment.

Rosendo Gutierrez, in a note to investors, assured that “the atmosphere in the United States has changed, there is a new consensus regarding greater protection”.

The government presentation, seen by the Wall Street Journal, describes Mexico's industrial priorities as facing “a war between the U.S. and China”.