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Not ‘Made in America,’ but close

News Snapshot:

In all your gift buying this season, how much of what you purchased was “Made in America”? Often, some part of a product comes from somewhere else in the world — China, Vietnam, Malaysia or the Philippines. But more products are being manufactured with parts from neighboring Mexico. It’s called “near-shoring,” and it’s the latest example of corporate America moving its production of goods and services closer to home to get-around reliance on China. In 2021, hundreds of foreign companies announced they were expanding or building export factories in Mexico, including ones you have heard of such as Unilever, Walmart…

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