Actually, I think The Most Notable Loser may be the best thing that could happen to Mexico. Wean that country from ties to the US that has stolen their land, their water, and their laborers for many, many decades.Mexico has been trying to diversify its trade partners since Donald Trump was elected president of the United States, its biggest export market.
[...]
Mexico, seeking closer ties with the rest of Latin America, expects to finish negotiations on a trade deal with Argentina involving cars and agricultural products around the end of the year.
Reuters
US farmers are not going to be happy, are they?Under [a proposed trade] deal, Argentina could gain part of the lucrative grains market in Mexico, Latin America’s No. 2 economy, Baker told Reuters.
In 2015 Mexico imported $2.3 billion worth of U.S. corn and $1.4 billion of U.S. soy. But Baker said those numbers will likely decrease under a renegotiated North American Free Trade Agreement called for by Trump.
Bloomberg has a new article about Trump's desires to renegotiate NAFTA and how it might backfire. Read it here.Mexico, in turn, could export cars to Argentina, he said.
“We have a very strong manufacturing industry and Argentina is an important market for us,” Baker said.
Mexico sells around 80 percent of its exports to the United States, which has been the source of roughly half the foreign direct investment in Mexico in the last two decades.
And National Review has an article written by a farmer with his take on the proposed renegotiations. Yeah, he's not happy. (Gee, I wonder if he voted for Trump.) Read it here.
An excerpt:
I think this is probably the bottom line of any worker in America: fuck the country, I need to make a living.As I drive my combine down row after row of soybeans that I always expected to sell to Mexico, I worry.
[...]
Most within the farm industry initially supported President Carter’s embargo on grain exports to the USSR 40 years ago. Although they knew that the embargo would harm their markets, they felt patriotism demanded support for an action that the Carter administration believed would advance American interests during a particularly tense time in the Cold War. As the Soviet Union ignored the embargo and continued its aggressive actions in Afghanistan and elsewhere, farmers realized that the grain embargo had harmed them without deterring those actions. To be asked to tighten your belt in order to support your country in a generation-defining conflict is one thing. To be asked to sacrifice your industry to a statistical artifact is quite another. Farmers aren’t willing to risk their economic well-being because the trade deficit is higher than some hypothetical future administration might like.
National Review
...but hey, do what you want...you will anyway.
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