Mexico is investing in a major expansion of the Port of Manzanillo on the country’s Pacific coast. The plan is to more than double its capacity and become one of the top 20 container ports in the world.
According to the full report by Bloomberg’s Alex Vasquez in Mexico City, the expansion is seen as a show of confidence in the growth of global merchandise trade despite threats of tariffs from the US and concerns about Mexico’s trade with China.
The Mexican government is responding to criticism from the US and Canada. President Claudia Sheinbaum insists that her government has a plan to substitute imports from China with locally made goods and that Mexico is not being used as a back door for Chinese goods into North America.
Northern Neighbor Dominates Mexican Trade
CLICK HERE FOR THE FULL ARTICLE By Brendan Murray ON BLOOMBERG
TYT Newsroom
