Is that the result of trump renegotiating the trade deal between Mexico and Canada?
Let me find out he brought jobs back to Mexico
Part of it. He did renegotiate NAFTA to be more friendly towards Mexico, especially with EVs. Biden has also been a part of it, Bidens strategy is to secure the physical supply chain, and that means decoupling from China entirely and moving things to allied nations like Mexico.
let's not act like this doesn't significantly benefit the mexican economy either. it goes both ways.
That’s true. I can’t imagine they deal with the influx of immigrants better than we have.
The thing that sucks about this is that means more factories on Mexico's soil.
Factories mean smog and pollution and look where the U.S is located - right next door.
Additionally, if Mexico does start providing effective manufacturing, the rest of the world will ask them to manufacture their goods as well.
More pollution for us.
If we're not fighting desertification we probably will be in the future. Especially when you consider most of Mexico's factories are near the U.S border.
I hope I'm wrong about this.
Yeah, I’m thinking of how poorly Mexico has handled the Tijuana River. Mexico has dragged their feet for way too long on it. Though, Mexico makes big money from tourism and unbearable pollution is going to be a problem for them too, perhaps more than us. The stronger the US-Mexico relations get I (optimistically) think they’ll be more inclined to take things like pollution seriously.
Desertification is especially a problem with computer chips and the like because they use a shyt ton of water during manufacturing, EVs too iirc. Reminds me of the Intel plant in Arizona…Aridzona is not a state I think will be livable in 30 years, respectfully.
I don’t see Mexico becoming a global hub for manufacturing. The main draw for the US is it can secure its supply chain and also not have to deal with transporting raw material and goods across multiple countries and multiple bodies of water. I see countries bringing more and more manufacturing in house before they all go to Mexico. I think the trend will end up being:
decoupling supply chain from adversarial nations->moving the bulk of it to friendly countries -> return of in-house manufacturing (which actually is feasible because with AI and robots, cost of labor in a 1st world country will be irrelevant).