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Jeffrey J. Schott (PIIE)
Rising costs and mounting trade and investment restrictions are prompting firms to diversify their supply chains from China. For those hoping to reduce the distance between producers and US consumers, Mexico seems like a natural choice, but the country has not seen substantial growth in manufacturing investment over the past few years.
The Peterson Institute for International Economics building is closed to staff and visitors until further notice. PIIE personnel are working remotely, with access to telephone messages.
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REUTERS/Andrew Winning AW/ME
Economic transitions aren't transitory