In 1992, Paul Tsongas said, “The Cold War is over. Japan won!” Sometimes a surprising third party emerges as the winner in a two-party battle.
Will the US-China trade war cause both the US and China to invest more aggressively in Mexico?
As FreightWaves reported, Mexico announced three Chinese companies, Holley Technology, Kuka Home and Sunon, were investing $160 million in new facilities in the Mexican state of Nuevo Leon, creating 1,850 jobs.
Meanwhile, after the US pulled out of the Asian TPP, the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) emerged. 11 Asian nations just arrived in Mexico to discuss trade. Mexico is courting investors aggressively.
At the same time, Mexico is pitching US multinationals, like Apple, to shift their supply chains from China to Mexico.
Who will the winners and losers be in this looming trade war?