Figure 2. Manufacturing exports to the U.S. (2025YTD growth)*
Looking a bit deeper at recent trade patterns, Mexico has seen its automotive exports to the U.S. decline notably, but trade in other manufacturing areas is this trade has been subject to the Administration's 25% auto tariffs. Many of the areas where Mexico has gained trade share, such as electronics, plastics, and leather, are ones often cited as key areas of competition with China. For Canada, not only has the auto sector been hit hard (which, like Mexico, is also challenged by the Administration's tariffs in this space), but there has been a broad-based decline in manufacturing exports to the U.S. with notably large drops in trade of chemicals, fabricated metals, petroleum and coal.