Article Image
News Link • Business/ Commerce

Trade War Spurs Biggest De-Globalization Shift Since The Cold War

• https://www.zerohedge.com Via Economic Cycle Resea

His company, Ivemsa, has been helping dozens of companies move their factories out of China and other parts of Asia and into Mexico to make goods to be sold domestically and in the United States. Operating in what is known as the "shelter industry", firms like Ivemsa help international companies operate in Mexico without having to maintain a legal entity.

"We have talked to many companies from Asia who are interested in Mexico as a platform to manufacture and send their products north to the US – that's really where the market is," Durazo said.

"A lot of automakers are doing business here, for example Kia Motors from South Korea established a big facility in Mexico. And they moved at least 30 of their suppliers from Asia into Mexico. Their key suppliers followed them because if they don't, they may lose the business."

Join us on our Social Networks:

 

Share this page with your friends on your favorite social network:


MoxNews.com