A lead change in soccer is an exciting time…assuming of course that your team has just taken the lead. You cheer and hope that your team can hold the lead. In international trade and investment, the game has been ongoing for decades. And the U.S.-Mexico team has been a dominant team on the field. The new United States-Mexico-Canada Agreement (USMCA) was implemented on July 1st. Mexico is now well-positioned to benefit from shifts in global supply chains brought about today’s unprecedented economic and health uncertainties. A 2020 PwC study estimates that U.S. manufacturers who move production from China could cut operating costs by an additional 23% if they near-shore to Mexico.