Mexico’s most popular but divisive leader, López Obrador, left his political protégé more than just the presidential sash.
She takes over a country and economy that is doing well in some sectors while confronting serious difficulties in others.
From the standpoint of her administration, the good news is that Mexico has improved its commercial standing with its northern neighbor, overtaking China as the United States’ largest trading partner.
“Nearshoring,” or the movement of American and Asian businesses from China to northern Mexico in order to avoid the harsh US tariffs on Chinese goods, has benefited Mexico.
Prior to the election, former Mexican trade negotiator Juan Carlos Baker Pineda told me that Mexico has always been a desirable destination for capital flows due to its geographic location, free trade agreements with North America, and labor force.
