Mexican President Andrés Manuel López Obrador (AMLO) is faced with an economic slowdown, an unsustainable migration policy, the continued threat of US tariffs, and a major trade agreement in limbo. The best – or the least worst – solution is a policy U-turn by AMLO’s government.
MEXICO CITY – Mexico’s political and economic malaise could go from bad to worse in the coming months. The Mexican economy has been stagnating since late last year. The migration crisis unleashed by US President Donald Trump is humiliating, and is straining the country’s resources. And the US Congress seems increasingly unlikely to pass the United States-Mexico-Canada Agreement (USMCA) – which is intended to replace the North American Free Trade Agreement (NAFTA) – before the 2020 US presidential election.
MEXICO CITY – Mexico’s political and economic malaise could go from bad to worse in the coming months. The Mexican economy has been stagnating since late last year. The migration crisis unleashed by US President Donald Trump is humiliating, and is straining the country’s resources. And the US Congress seems increasingly unlikely to pass the United States-Mexico-Canada Agreement (USMCA) – which is intended to replace the North American Free Trade Agreement (NAFTA) – before the 2020 US presidential election.