In 2023, following the implementation of increased tariffs by the U.S. government under President Donald Trump, there were widespread concerns that Mexico's export-driven economy would suffer significantly. Contrary to these fears, data indicates that Mexican exports to the United States have actually surged. This unexpected outcome can be attributed to the fact that Mexico's effective tariff rates are lower than those imposed on many other countries, particularly China. As a result, Mexican goods have been able to fill the market void created by the higher tariffs on Chinese products, leading to a record level of trade between the two nations this year.
