NAFTA Showdown: Mexico Has a Wild Card to Play

Article source
Bloomberg

Luis Videgaray is in a seemingly unenviable position. The Mexican foreign minister arrived Tuesday evening in Washington with the task of renegotiating Nafta with a Trump administration that has staked much of its reputation on a pledge to reshape the trade deal and shift jobs back to the U.S. from Mexico. Given just how much Mexico has benefited from the 1994 pact -- its annual trade surplus with the U.S. has soared to over $60 billion -- there’s the general sense that Videgaray has little leverage in the talks, that he will be mostly ceding ground to his American counterparts. Please click here to continue reading this article.