Mexico's Chinese imports rise 8% despite USMCA pressure, complicating US-Mexico talks

Mexican imports from China grew 8% in Jan-Jul 2026 to over $79B, despite stated efforts to replace them. This trend undermines US efforts to curb Chinese transshipment via Mexico under USMCA review, adding friction to negotiations. The data suggests limited near-term decoupling and potential for US tariff or enforcement actions.