US President Donald Trump has managed to sow doubts about the entire framework of global trade and economic openness. Mexico, like other emerging economies, is right to bemoan Trump's agenda; but there are still measures its government can take to improve growth.
MEXICO CITY – It is easy to sympathize with Mexico now that US President Donald Trump has turned that country into a political piñata. If Trump gets his way, Mexico’s northern border will feature a “big, beautiful wall,” and the North American Free Trade Agreement, which is crucial to Mexico’s economy, will be renegotiated to satisfy an “America first” agenda. And if that were not enough, Mexican capital and currency markets will bear the brunt of the pain from unstable US monetary and fiscal policy.
MEXICO CITY – It is easy to sympathize with Mexico now that US President Donald Trump has turned that country into a political piñata. If Trump gets his way, Mexico’s northern border will feature a “big, beautiful wall,” and the North American Free Trade Agreement, which is crucial to Mexico’s economy, will be renegotiated to satisfy an “America first” agenda. And if that were not enough, Mexican capital and currency markets will bear the brunt of the pain from unstable US monetary and fiscal policy.