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Last year, Mexico became the United States’ biggest trading partner, surpassing Canada and China for the first time. This humiliating fact is simply the latest statistic that illustrates Canada’s economic decline since Prime Minister Justin Trudeau took power in 2015.
The value of U.S. trade with Mexico in 2023 was US$798 billion (C$1.1 trillion), surging past America’s other two major trading partners. The increase will continue as offshore factories in China and elsewhere relocate to Mexico in order to cash in on the tariff-free North American free trade arrangement. “This is not cyclical, this is new,” Andrew Hupert, a trade expert who moved from China to Mexico, told Al-Jazeera.