LatAm  Counts Losses
LatAm  Counts Losses

LatAm Counts Losses

LatAm Counts Losses

Mexico will be the biggest loser from North American Free Trade Agreement renegotiations, with a host of other Latin American countries set to suffer negatively from US President Donald Trump’s trade and economic nationalism, GTReview reported. Renegotiations over the 22-year old trade deal between Canada, Mexico and the US are set to commence in mid-August, with trade credit insurer Coface saying that Mexico is likely to be the initial target of Trump’s protectionist policies. This is based on the expectation that Trump will immediately target countries with which the US has a strong trade deficit. With this assumption, a Coface report says, “Mexico’s position is particularly sensitive”. This is a widely-held view: ING Bank says that Mexico’s trade is 20 times more dependent on the US than vice-versa. Coface notes that more than 80% of Mexico’s exports are sent to the US today, representing 24.4% of Mexico’s GDP. With this, the country becomes the Latin American economy with the largest trade surplus with the US: compared to the rest of the world, its surplus in 2016 is exceeded only by China, Japan and Germany.


Short URL : https://goo.gl/wKfcDj
  1. https://goo.gl/yuwn18
  • https://goo.gl/sQLT2Z
  • https://goo.gl/UHzt3e
  • https://goo.gl/BYZ5kH
  • https://goo.gl/RwYWkB

You can also read ...

Digital Changes to Better Shape Asean Economy
Member states of Asean must be ready to embrace technological...
GM Closure Ends Australia’s Car Manufacturing Industry
Australia’s near 100-year automotive industry ended on Friday...
Consumer prices rose 2.71%.
Brazil’s inflation rate sped up to the fastest in three months...
Despite intensifying property curbs and higher mortgage rates, Chinese banks issued $664.70 billion of property loans in the first nine months of this year.
China's central bank governor has warned the country's...
US Unfreezes Sudan Bank A/Cs
The United States has unfrozen bank accounts in Sudan after...
Italy Q3 Growth at 0.5%
Italy’s economic growth improved slightly in the third quarter...
Taiwan Export Orders at Record High
Taiwan’s export orders hit a record high in September on the...
Peru Says Economy to Grow
Peru’s economy will likely grow 4.2% in 2018 due to an...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.