When the United States and Mexico agreed to a $1.8 billion trade agreement, they handed Mexico one final shot to be competitive in a global economy dominated by America.
It was the U, not Mexico, that had the leverage.
But the U was a big loser in the deal, and the loss of that leverage left America with the economic power it lacked in the first place.
A Trump administration that has vowed to tear up NAFTA is likely to look back at this deal as the worst trade deal ever, a slap on the wrist that has done more to hurt the U than help it.
A NAFTA collapse would have been the perfect opportunity for the Trump administration to take a much needed lesson from the disastrous trade agreements that led to the Great Recession.
The U.K. and France have signed similar deals, and both countries have suffered a sharp downturn in trade.
That said, the U is not Mexico.
It is the world’s No. 1 trading partner and a global leader in terms of manufacturing and agricultural exports.
That means U. S. exports to Mexico account for less than 0.1% of its total exports.
The other U. K. and French economies have done even better.
The United States is a much bigger trading partner than Mexico, and it is a smaller trading partner for France, which accounts for a much larger share of its exports.
Both of those countries export a lot of U. s exports to China.
Mexico’s economy is much more diversified than the U s, but Mexico is still a big country with big problems in terms