China, Mexico, and U.S. Trade
Last week, it was widely reported that in the first half of 2019 Mexico replaced China as the United States' top trade partner. China is now in third place, while Canada is in second. There has been a great deal of discussion in the media about what this means for U.S.-China economic relations. Much less attention has been devoted to what this new alignment means for economic relations within North America.A Third World Country?The importance of U.S.-Mexico trade may surprise some. In the minds of many Americans, Mexico is still a Third World country whose largest export is poor people...