Mexico Surpasses Canada as Top US Trading Partner

Mexico solidifies its position as the U.S.s largest trading partner, with August trade reaching $74.4 billion, surpassing Canada and China. Mexican imports of U.S. goods have narrowly surpassed Canadas, indicating growing economic ties. Mexican exports to the U.S. increased by 3.3% in August, driven by automotive, electronics, and machinery shipments. Despite a slight dip in U.S. exports to Mexico, it remains a more significant destination than Canada and China. Laredo, Texas, remains the top international gateway for trade, with a 7% year-over-year increase in August commerce.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.