Very interesting responses from Mexico...
From
Bizlatinhub
Mexico’s economic outlook was under a wave of uncertainty when Trump pledged to get rid of the North American Free Trade Agreement
(NAFTA) during the campaign of his presidency. The new POTUS also
threatened to impose a border tax on Mexican-made goods, which sent the
Mexican peso to a record low in January. Despite the insecurity the
Mexican people faced with Trump rhetoric potentially bringing their
markets down, Mexican officials have been proactive in securing their
nations prosperity and longevity in the global marketplace. Here is what
Mexico has been up to recently.
In February of this year, Mexico declared a trade surplus of USD$684 million, the largest surplus they have experienced in almost two years. In its 5th
consecutive month of expansion, in January, the economy saw a 0.3
percent increase from the previous month. This is a better than expected
growth considering the negative forecasts the country faced after a
Trump presidency was to take place. Low oil prices drag the economy down
in regards to Mexican output from the oil industry, but steady growth
in the service and agricultural sectors have been making up for it.
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