Double negative for Mexico? Clinton has distanced herself from NAFTA, while Trump has stated he will revisit the U.S. stance regarding the agreement. Image: Gage Skidmore/Flickr License (Changes: Made both images into one)
There is an old saying in my country that goes, “when the United States sneezes, Mexico gets pneumonia.” So what happens when our neighbor to the North contracts a rare case of anti-immigrant, anti-trade, and anti-Mexico populist rhetoric?
By Arturo Franco, Nonresident Senior Fellow, Adrienne Arsht Latin America Center
These days —and almost every single day— we hear the Republican Presidential Nominee, Donald Trump, saying that the United States will revisit its NAFTA agreement, because Mexico is “killing us on trade.” Even when he briefly softened his war-like stance during an unexpected half-day visit to see Mexico’s Enrique Peña Nieto a couple of weeks ago, he quickly got back on message.
And while many in Mexico would prefer to minimize the catastrophic effects that a Trump presidency could have for our country, the markets are beginning to address the risk. According to Bloomberg, “over the past four months, Mexico’s currency has repeatedly declined when Trump’s election outlook improves, and rallied when his odds of winning slump.”
As to Trump’s Democratic rival, Hillary Clinton, who recently canceled a two-day trip to California because of her own case of pneumonia, her views on Mexico are not positive either. As her campaign was launched, and partly as a response to political pressure from the Bernie Sanders revolt within her party, Hillary Clinton has slowly distanced herself from one of her husband’s signature White House achievements: The North American …
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