Mexico Dethrones China as America’s Largest Exporter


Posted originally on Feb 9, 2024 By Martin Armstrong 

World Trade US China

Based on data from the US Commerce Department, China is no longer America’s top supplier of goods. Imported goods from Mexico rose by around 5% from 2022 to 2023, totaling over $475 billion. Mexico has not surpassed China in exports to the US since 2002, marking a drastic shift in overall trade as tensions continue to rise between the US and China.

Chinese imports tanked by 20% over a one-year period to $427 billion. Some may point to the US-Mexico-Canada Trade Agreement that permits duty-free trade between the three nations, while others are citing the supply chain disruptions post-COVID that caused many companies to seek closer manufacturers. The real issue here is that the US and China are barely able to maintain diplomatic ties due to Taiwan.

China Holding US Treasuries 2010 2022

America claims to respect the One China policy but has repeatedly stated it would not hesitate to go to war with China in the event of an invasion. The US has begun arming Taiwan and routinely conducts military drills in the Straight. China began offloading US debt not long ago as it would be utterly foolish to purchase debt from a nation that has no intention of paying it back. It would be akin to pulling a gun on someone and asking for money to pull the trigger.

We are looking at SELECTIVE DEFAULTS on sovereign debt as governments will simply stop repaying anyone who opposes them. World trade has transformed due to this major crisis, so rest assured that this was not a one-year hiccup as both nations seek to lessen their reliance on one another. War tends to support the dollar and the first two world wars are what made the dollar the reserve currency. War is completely and utterly inevitable due to the debt crisis as there is no way out.

Mexico Protects its Civilians Abroad


Armstrong Economics Blog/War Re-Posted Oct 16, 2023 by Martin Armstrong

Mexico’s Air Force is entering an active warzone to bring home their citizens. President Andres Manuel Lopez Obrador stated that up to 300 Mexican citizens have registered to flee Israel amid the war, and Mexico’s military will bring them home. “It was decided to send a plane that departs today in the morning, and another one is being prepared to leave in the afternoon, and we are looking for the protection of all our nationals,” said Lopez Obrador.

Not many other countries can say the same. Joe Biden has absolutely zero effort to rescue the American citizens trapped in the Middle East. Rep. Cory Mills (R-FL) stated that he is personally working to evacuate 32 American nationals from Israel without the support of the White House. Mills said that this is “the second time doing the Biden administration’s work, because they have no plan, they have no strategy to get these Americans out who are trapped and these church groups that had been left behind.” He continued, “I went in and was very thankful to be able to get — for the second time by the way, I’ll just add, helping the Biden administration — who has failed to do their job. The first time I did it was in 2021, when I conducted the very first successful overland rescue of Americans, but here it is, the second time doing the Biden administration’s work, because they have no plan, they have no strategy to get these Americans out who are trapped and these church groups that had been left behind.”

Now, let us not forget Biden wanted to provide $6 billion to Iran, a known enemy with nuclear powers, in exchange for five Americans nationals. At least, that was the excuse provided. Biden also released a notorious arms dealer back to Russia in exchange for a female basketball player who broke the law by bringing drugs into a foreign country. Griner openly hated America and refused to stand for the national anthem since she thought she was oppressed until she lived in a Russian prison. And yet, now Russia has one of their top gun lords back because Biden wanted to score woke ESG points by rescuing a black lesbian female athlete. In that same exchange, Biden left behind Paul Whelan, a US veteran who served and loved his country. Most people do not know the name Paul Whelan, but Brittney Griner is a household name in America because the media gave her 24/7 coverage.

Mexico does not want to be involved in the conflict. They went, got their people, and left. “We are in favor of peace. We do not consider that violence should be used… we do not want war, we do not want confrontation, we do not want violence, we maintain that it is the most irrational thing that can exist,” said the president. America could find a way to enter Israeli airspace and bring its citizens home safely, but the Biden Administration does not care about the American people.