The real summit on US-Mexico trade, minus Trump
Amid the fuss over US president Donald Trump’s first meeting with Chinese president Jinping Xi, the visit of Mexican foreign minister Luis Videgaray to Washington earlier this week went almost unnoticed.
It was a decidedly less flashy affair than the reception for Xi at Trump’s Mar-a-Lago resort. But tightening ties with Mexico could prove a more practical strategy than wining and dining Xi, when it comes to counteracting the “massive deficits” and job losses Trump is trying to stem.
While Trump has dished out criticism fairly equally against China and Mexico for what he sees as lopsided trade, the nature of the US’s relations with the two countries is very different. Mexico and the US build products together; the US—and Mexico—mostly buy goods from China.