Mexico Seeks to Dampen China Import Explosion

Mexico wants to reduce its dependence on imports from China and is asking some of the world’s biggest manufacturers and tech firms operating in the country to identify Chinese products and parts that could be made locally.

The country’s deputy trade minister, Luis Rosendo Gutiérrez, told the Wall Street Journal  that Mexico wants U.S. carmakers and semiconductor manufacturers as well as global giants in the aerospace and electronics sectors to substitute some goods and components manufactured in China, Malaysia, Vietnam and Taiwan.

• Foxconn is building a massive AI server manufacturing facility in Mexico to meet the "crazy" demand for chip maker Nvidia's most powerful system. (Nikkei Asia)