Government, Business

Mexico Plans Nearshoring Incentives to Curb China Imports

Mexico President Claudia Sheinbaum announced a plan to reduce the country’s imports from China in a bid to support local industry and align herself with the U.S. as a trade partner.

Maya Averbuch | Bloomberg News
January 13, 2025
Government, Business, Technology, Fuel

Mexico Aims for Locally Made EVs to Rival Imports

Sheinbaum, a former energy researcher who made the small car part of her pledges in her Oct. 1 inauguration address, said the goal is for all components to be made locally.

Maya Averbuch | Bloomberg News
October 11, 2024