U.S. anti-trade shift would hit world economy: Mexico’s Guajardo

5/2/2016 Reuters

us mex flagThe more protectionist trade policy being pushed by U.S. presidential candidates could lead America to renege on global trade agreements and deal a blow to the world economy, Mexico’s economy minister said on Monday.

While not naming candidates, Economy Minister Ildefonso Guajardo referred to a proposal by Republican front runner Donald Trump to levy a 35-percent tariff on many Mexican goods, which Guajardo said would violate World Trade Organization agreements and spark chaos if enacted.

“[It] will mean that you are willing to depart and break with the world trading system,” Guajardo told Reuters in an interview.

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