Mexico's Claudia Sheinbaum has unveiled a plan to reduce its reliance on Chinese imports and bolster domestic production as part of an effort to address U.S. concerns and maintain favorable trade relations under the United States-Mexico-Canada Agreement (USMCA).
The initiative, led by Mexican President Claudia Sheinbaum, is seen as a response to President-elect Donald Trump's incoming administration, as members of Trump's team have expressed concern about China's growing role in Mexico's economy and the president-elect himself has vowed to use tariffs as a means to force other countries hands once he takes office.
