How China Uses Mexico To Avoid U.S. Tariffs

Video Description

For the first time in more than two decades Mexico overtook China as the largest importer of goods to the U.S. Mexican goods imported to the U.S. totaled $475 billion in 2023 about $20 billion higher than the previous year. Feuling that trend are simmering trade tensions between Beijing and Washington, an effort to bring U.S. imports closer to home and a burgeoning Mexican manufacturing base. But there’s another factor at play. To avoid American tariffs Chinese companies are using Mexico as a backdoor to the U.S. So how is China able to circumvent U.S. tariffs and what are logistic companies doing to prepare for the upcoming boom in Mexican trade. CNBC traveled to Mexico City and El Paso to find out. Chapters: 0:00 - 3:05 Introduction 3:06 - 6:55 Chapter 1 Evading U.S. tariffs 6:56 - 10:51 Chapter 2 Mexico's manufacturing boom 10:52 - 13:55 Chapter 3 Policing the border 13:56 - 16:06 Chapter 4 Bringing goods to the U.S. 16:07 - 19:08 Chapter 5 Maersk, DHL and Uber Freight Produced by: Shawn Baldwin Edited by: Evan Lee Miller Reporter: Lori Ann LaRocco Animation: Christina Locopo, Jason Reginato Supervising Producer: Jeniece Pettitt Additional Camera: Andrew Evers, Clayton Conn Additional Footage: Getty Images, Uber Freight » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to earn more money at work? Take CNBC’s new online course How to Negotiate a Higher Salary. Expert instructors will teach you the skills you need to get a bigger paycheck, including how to prepare and build your confidence, what to do and say, and how to craft a counteroffer. Register now and use coupon code EARLYBIRD for an introductory discount of 50% off through Nov. 26, 2024: https://cnb.cx/4f4s3rZ Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC How China Uses Mexico To Avoid U.S. Tariffs