Mexico’s Nearshoring Bonanza Is Not Yet Near: Eduardo Porter

The US has turned on China. But does that mean Mexico’s moment arrived?

There is a narrative, popular among Mexican technocrats of a certain age, in which the country would be rich by now had China not gotten in the way.

Now, from the business elites in Nuevo León to the policy-making class in Mexico City, comes a sense of anticipation that the US policy U-turn putting China squarely within the rival geostrategic camp might finally deliver what was lost two decades ago. Every new “nearshoring” statistic is received with bated breath, scrutinized for evidence of a turn in the tide of ...