MEXICO CITY (Sputnik) — Mexico may focus on trade with China instead of the United States due to emerging tensions in trade relations with the neighboring country, Mexican Secretary of Economy Ildefonso Guajardo Villarreal said Thursday.
"We are going to visit China in September to continue our agenda, and we will use this [visit] geopolitically as a strategic leverage [in trade]. We are sending a signal that we have a lot of alternatives [to the United States]," Guajardo said.
In December, Chinese State Councillor Yang Jiechi agreed on boosting trade and investment ties with then Mexican Foreign Minister Claudia Ruiz Massieu. The talks took place after the election of Donald Trump as the president of the United States.
According to the US Department of State, Mexico's exports rely heavily on supplying the US market, but the country has also sought to diversify its export destinations. Nearly 80 percent of Mexico’s exports go to the United States, the Department's official figures showed.