Luis Videgaray is in a seemingly unenviable position.
The Mexican foreign minister arrived Tuesday evening in Washington with the task of renegotiating Nafta with a Trump administration that has staked much of its reputation on a pledge to reshape the trade deal and shift jobs back to the U.S. from Mexico. Given just how much Mexico has benefited from the 1994 pact — its annual trade surplus with the U.S. has soared to over $60 billion — there’s the general sense that Videgaray has little leverage in the talks, that he will be mostly ceding ground to his American counterparts.
Continue to Bloomberg.com article: https://www.bloomberg.com/politics/articles/2017-01-26/in-nafta-showdown-mexico-has-one-wild-card-to-play-against-u-s
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