Mexico has become the largest trading partner of the United States, surpassing China and Canada, according to the latest statistics released on July 12.
The trade volume between the United States and Mexico reached $263 billion in the first four months of this year, said Luis Torres, a senior business economist at the Federal Reserve Bank of Dallas in a post. It accounted for 15.4 percent of goods exported and imported by the United States, which surpassed America’s trade totals with Canada and China, which were 15.2 percent and 12 percent respectively.
According to public data, China was the largest partner of the United States for most of the 2010s, until 2020 at the beginning of the outbreak when it was replaced by Mexico….