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’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.

Mexico's economy will stay sluggish this year, a Reuters poll of economists found, as the country braces for a possible radical shift in U.S. tariff and migration rules that could dramatically worsen the outlook.

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.

Mexico’s President Claudia Sheinbaum said on Monday that she too would act to reduce her country’s trade deficit with China. Mexico recently imposed tariffs on Chinese clothing, textiles and small parcels. If the US does build the promised wall against ...

Mexican President Claudia Sheinbaum has announced a set of tax and financial incentives to encourage nearshoring and a plan to further curb the entry of cheap Chinese imports. She presented the country's industrial policy, Plan Mexico, to government officials and business leaders at the National Museum of Anthropology in the country's capital.

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.

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