Giuliani made millions consulting for Mexico’s most anti-Trump politician

11/29/16 The Washington Post

186px-rudy_giulianiFormer New York mayor Rudy Giuliani was paid millions under a contract arranged by a Mexican politician who is likely to run for president of Mexico in 2018 on an anti-Trump, Mexico-first platform. That could be a conflict of interest if Giuliani is named secretary of state and tasked with renegotiating NAFTA and trying to get Mexico to pay for a border wall.

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With an unfriendly neighbour, Mexico needs to strengthen itself

The Economist 11/26/16 

us mex flagALMOST 25 years ago a Mexican president, Carlos Salinas, took a historic decision. He decreed that his country’s future lay in setting aside its fear and resentment of its mighty neighbour to the north and embracing economic integration with the United States through the North American Free-Trade Agreement (NAFTA). The agreement underpinned the modernisation of part of Mexico’s economy. So the imminent arrival in the White House of Donald Trump, a critic of NAFTA who threatens to build a migrant-blocking wall between the two countries, looks like a disaster for Mexico.

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Mexico’s Options in a Trump Trade War

11/20/16 The Wall Street Journal

mexico cityIf the sharp selloff of the Mexican peso after the Nov. 8 election of Donald Trump were set to music it might sound like a funeral dirge, the dearly departed being the North American Free Trade Agreement (Nafta). The peso has fallen to an all-time low of more than 20 to the dollar, and on Thursday the Bank of Mexico raised its benchmark interest rate to stem the bleeding.

Mexico investors are worried that Mr. Trump might actually believe—as he argued in his campaign—that U.S. productivity growth and job creation depend on renegotiating Nafta to discourage U.S. investments south of the border. But Mexico won’t easily yield to a new deal that limits its access to U.S. markets in order to make it less attractive as a destination for capital.

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Canada manufacturers put U.S. ahead of Mexico if Trump ends NAFTA

11/17/16 Reuters

TrudeauCanadian manufacturers want their access to the U.S. market protected at all costs if Canada renegotiates the NAFTA trade deal with U.S. President-elect Donald Trump, even if that means losing the trilateral partnership with Mexico.

Amid fears a Trump administration will tear up the North American Free Trade Agreement, the Canadian Manufacturers and Exporters group is lobbying Canada’s Liberal government to prioritize the U.S.-Canada trade relationship, saying a bilateral side deal with Mexico could be worked out separately.

“We spoke to our members, and based on trade stats alone, the priority has to be the U.S. market,” said Mathew Wilson, senior vice president at the CME, which represents some 10,000 manufacturers.

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Mexico, U.S. chamber of commerce vow to defend joint trade ties

11/17/16 Reuters

download-5Mexico’s government and the U.S. Chamber of Commerce on Wednesday vowed to step up efforts to defend bilateral trade worth more than $500 billion a year, attempting to quell concerns about the impact of a Donald Trump presidency.

U.S. President-elect Trump sparked fears of economic crisis in Mexico by threatening to ditch the North American Free Trade Agreement (NAFTA), which comprises the United States, Mexico and Canada, if he cannot renegotiate it in his country’s favor.

Mounting a robust defense of NAFTA, Carlos Sada, Mexico’s ambassador to Washington, said since the agreement came into effect in 1994, Mexico has not maintained the requisite degree of engagement with relevant players in the United States. In an address to executives at an event held by the U.S. Chamber of Commerce in Mexico City, Sada said Mexico needs to exploit its network of U.S. consulates to make the case for NAFTA.

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For Mexico, Long List of Dangers Accompany Trump Presidency

11/10/16 Bloomberg

Donald Trump’s unexpected triumph in U.S. elections portends a very different reality for Mexico and its companies.

Mexico was transformed by the North American Free Trade Agreement that Trump has threatened to rip up. The country now sells about 80 percent of its exports to the U.S., and its companies are more deeply entwined with the world’s largest economy than those of any other developing nation. Some derive more than half their revenue from the U.S., while others own plants or stores in U.S. states.

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Trump Win Suggests Dark Days Ahead for Mexico on Wall, Nafta

11/10/16 Bloomberg

As the world absorbs the shock of Donald Trump’s victory, no country is likely to be as directly affected as Mexico, whose economy and population are intimately linked to the U.S.’s and against which Trump directed exceptional hostility.

His pledges to build a wall between the two countries and make Mexico pay for it, end or overhaul their free-trade agreement, stop U.S. factories from moving there and deport millions of undocumented immigrants south of the border spell deep trouble for the Mexican economy. The peso extended its losses Thursday to a record low against the dollar.

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