Tricky trade

Tricky trade

Economy & Policy Regulation Features Canada Mexico United States

 More than a year after NAFTA negotiations got underway, the only accomplishment was uncertainty. But when the Trump administration announced the US and Mexico had reached a preliminary bilateral deal without Canada it appeared to ease investor concerns in Mexico -- at least for now. “Investments into Mexico were suffering,” says Martin Castellano, head of Latin America Research at the Institute of International Finance. “Uncertainty took a toll on investment decisions.” When Mexico’s economy contracted 0.2% in 2018’s second quarter, the central bank released its analysis that the weakness was worse than expected, but that a deal with the United States would help disperse the ambiguity. A Bl

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