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The Near-Shoring Story Is a Mexico Story
The western hemisphere is a place that has a real bounty in so many of the basic parts that go into gear, whether it's lithium or manganese or graphite. Many of these nations are allies of the world's biggest market and have preferred access to free trade agreements with the United States. So there's an advantage for many of these countries to take advantage of but they have to do it and they have not yet done it.