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The US can compete more effectively against China by cooperating with other countries in the hemisphere. That is my belief and I would venture a guess that most of this newsletter’s readers agree with it to some extent.The New York Times published an article over the weekend (go read the whole thing) that provides a useful framing for one of the big questions about the upcoming Trump term:As the Trump administration vows an expanded trade war, businesses in Mexico are continuing with factory expansions. They assume their country remains central to the most fervent American aim: reducing dependence on factories in China. Many Mexican business leaders assert that their companies are positioned to thrive during another Trump administration. So long as he proceeds with his promise to increase tariffs on Chinese imports, that will amplify the need for alternative places to manufacture goods.There are US and Mexican companies that are making a bold bet on Mexico despite threats of a blanket ...
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