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Here’s What Should Worry Mexico More Than NAFTA

By Valeria Moy

Mexico's mounting debt and sluggish recovery leaves it ill-prepared to respond to Trump, writes one of the country’s leading economists.

It’s fair that Mexican officials would fret over U.S. President Donald Trump’s threats to walk away from the North American Free Trade Agreement (NAFTA) – 80 percent of Mexican goods are currently exported to the U.S., and any change to the 23-year-old deal will surely be economically and politically disruptive. But other potential changes in U.S. policy could have just as much of an impact on Mexico’s ability to do business and attract new investment. Policymakers will only be able to respond to these threats by getting the country’s fiscal house in order.

Trump’s promised...

Read this article on the Americas Quarterly website. | Subscribe to AQ.

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