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That's absolutely true and it's a national strategy in China to get around. Not just Mexico, Chinese companies set up offshore entities everywhere, from Vietna
by synergy20 3y ago
That's absolutely true and it's a national strategy in China to get around.
Not just Mexico, Chinese companies set up offshore entities everywhere, from Vietnam to Singapore to Canada, Mexico, etc. Basically everywhere. They then ship components there, assembly there and ship the full product to US.
I dare to claim 80% or even more trade increase between Mexico and US is done that way.