Is Mexico benefiting from the US-China trade war?

Business Daily

BBC

News, Business

4.4 • 796 Ratings

🗓️ 24 April 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Increasingly, US companies are 'nearshoring' - moving their operations closer to home.

Cities in the north of Mexico, like Monterrey, are seeing a manufacturing boom.

We speak to some of the companies who are cashing in, and ask, is this a renaissance that will last?

Plus we look at other countries who are trying to get a share of the market.

Presenter/producer: Samira Hussain

(Image: Truck at the Mexico/US border. Credit: Getty Images)

Transcript

Click on a timestamp to play from that location

0:00.0	Hello, I'm Samara Hussain, and today on Business Daily, we're looking at Mexico's manufacturing renaissance.
0:21.7	Our company, in the last five years, we basically doubled our size.
0:25.4	We expect in the next two years to double our size again.
0:29.2	Where are all these customers coming from?
0:31.7	China.
0:32.9	I'll ask how the trade war between the United States and China has helped Mexico.
0:40.3	President Trump came, challenged on China, all the trade war between the United States and China has helped Mexico. President Trump came, a challenge on China, all the trade war, and suddenly the market share of Mexico started to grow again.
0:44.3	And what kind of impact the rapid growth is having on local communities?
0:49.3	We are struggling somewhere to accommodate all these people.
1:06.1	It's been five years since former U.S. President Donald Trump kicked off a trade war with China.
1:12.7	President Trump tonight escalating his trade war with China, threatening new tariffs that they're coming soon and they are sweeping.
1:18.7	For many years, China has been taken out hundreds of billions of dollars a year and rebuilding China.
1:21.2	It's time that we rebuild our country.
1:22.1	Game on here.
1:24.8	A trade war between the United States and China is here.
1:25.6	It's real.
1:26.9	Breaking news overnight. Right at midnight, President Trump imposed
1:28.7	new tariffs on $200 billion worth of Chinese imports to the U.S. China immediately responded with
1:35.3	its revenge tariffs of equal value accusing the U.S. of launching the largest trade war in economic
1:40.7	history and calling America trade bullies. They don't want to trade with us anymore. That would be fine with me.
1:46.9	The trade war between the U.S. and China and increasingly frayed diplomatic relations between
1:52.2	the two countries has made it really hard to make goods in China to sell to America.
	...

Transcript will be available on the free plan in -706 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.