U.S. Tariffs Are a Big Win for Mexico, Report Finds

Photo: Advanced robotic arm in Mexico City laboratory. Photo credit: Diego Martinez via Pexels. Article by Terry Lane. Investopedia – June 9, 2025. Source: Bank of America report (PDF).

Key Takeaways

Tariffs are expected to push companies to bring manufacturing back to the U.S., but a new report said that automation will likely replace some of that job creation.

While reshoring has created about 2 million U.S. jobs over the past decade and a half, manufacturing still accounts for only about 8% of the U.S. workforce.

“Nearshoring,” where production is moved to closer or more friendly countries, is seen as a more likely result of tariffs, with Mexico, Vietnam, and India expected to be big beneficiaries, a Bank of America report showed. […]

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