China and Mexico move to form new trade relationship
As the top suppliers of manufactured goods to the American market, China and Mexico have typically been in direct competition over the past decade.
The two countries are moving toward an expanded trade relationship that could ultimately benefit the United States by boosting US exports and keeping cheap imports flowing to US consumers.
Mexican President Enrique Peña Nieto’s recent trip to China, coming just four months into his term, has been viewed as a smart overture aimed at mending ties between two nations that have often been at odds over trade issues.
Source: Washington Post