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Morning Brew Daily

US Buying from Mexico Over China & Uber is Profitable Again

Feb 8, 2024
28:42
Snipd AI
US buying more goods from Mexico than China, Disney's struggles with streaming, Uber's profitability, Snap's staff layoffs, Chipotle's avocado robot, Neal's favorite numbers, SpongeBob in the Super Bowl, and the origin story of butter chicken.
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Podcast summary created with Snipd AI

Quick takeaways

  • The United States is buying more goods from Mexico than China due to strained US-China relations and Mexico's convenient trade routes.
  • Disney's profitability has been driven by its investments in streaming platforms and cost-cutting measures, while traditional TV networks face declining sales.

Deep dives

US Imports More Goods from Mexico Than from China

After decades, the United States is now buying more goods from Mexico than from China. Tensions and tariffs have strained the relationship between the US and China, leading to a shift in trade flows. Mexico has capitalized on this shift, with 80% of its goods being imported by land, making it a convenient trade partner for the US. The decoupling between the US and China has been accelerating due to various factors, including tariffs, geopolitical tensions, and Biden's push to reshore manufacturing. However, some companies may still be routing Chinese-made goods through other countries to avoid US tariffs.

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