For Mexico, Long List of Dangers Accompany Trump Presidency
- Peso slump may prompt central bank to raise interest rates
- Mexico firms have most dollar bonds in EM after Brazil firms
Border Blow: Trump's Impact on Mexican Billionaires
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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.