- By Will Grant
- BBC Mexico correspondent, Monterrey
22 April 2024
Image caption, Manufacturing in Mexico allows Chinese firm Man Wah to get past US tariffs
The reclining armchairs and plush leather sofas coming off the production line at Man Wah Furniture’s factory in Monterrey are 100% “Made in Mexico”.
They’re destined for large retailers in the US, like Costco and Walmart. But the company is from China, its Mexican manufacturing plant built with Chinese capital.
The triangular relationship between the US, China and Mexico is behind the buzzword in Mexican business: nearshoring.
Man Wah is one of scores of Chinese companies to relocate to industrial parks in northern Mexico in recent years, to bring production closer to the US market. As well as saving on shipping, their final product is considered completely Mexican – meaning Chinese firms can avoid the US tariffs and sanctions imposed on…
