Mexico’s President Claudia Sheinbaum has announced plans to reduce imports from China. Instead, the country will offer a variety of incentives for nearshoring and to increase the amount of locally made goods and materials.

The announcement is effectively part of a recent series of events and announcements at levels of manufacturing, logistics, and finance to support trade between Mexico and the United States even as Donald Trump has called for a 25% tariff on Mexico and Canada. Now, though, a doubling down on nearshoring could have important implications for industrial CRE.

“If North America replaces 10% of the imports we are getting from China, and we make them in North America, Mexico’s GDP would grow 1.2% more than it normally does, the US 0.8% more and Canada 0.2% more,” finance minister Rogelio Ramirez de la O said during an event, according to Bloomberg.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.