Aside from Canada, "Mejico" (Mexico) has become the U.S biggest trading partner amid U.S trade tension with China ( in particular the CCP; People's Republic of China). China lags as third below Canada as Chinese goods face unilateral disagreements with the Western Corporation (U.S). Despite the rhetoric, Mexico's position in the Americas historically has its place in the north American regions despite "imaginary borders"enforced by political administrations. Mexico is now China's ( including Taiwan) "go to" economy to get its goods to the American northern markets. This has placed Mexico in the position as the "middleman" between the two nations as geopolitical tensions lure.
Mexico's stance to reprice tariffs with China is a form of "finessing" as Asian economy benefits from exporting goods to the U.S market. The U.S market is a key player in the American market (North, Central, South) America as a whole, but recent political and economical shifts are indicating a rise in the emerging markets (Mexico, Venezuela, Colombia, and Brazil) of the West.
The Mexican Peso is the one of the strongest performing currency YTD. We could see major volatility with the "peso" around $16ish as a key level of support. Dollar weakens could also play a major factor as the "peso" etches towards yearly highs against the "greenback". Let's see how the 🎲 roll.
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