Mexico holds off Trump’s fire, but seen vulnerable to new pressure 0 SHARES Share it! Led by Foreign Minister Marcel Ebrard, negotiators in Washington resisted Trump’s core demand that Mexico be declared a safe third country, a classification that would oblige Central Americans crossing through Mexico to seek safe haven there, not the United States. Siller expects the peso currency to rise when markets open on Monday on relief that a trade war has been averted, but she said the uptick could be short-lived. Carlos Pascual, a former US ambassador to Mexico, praised the deal as preferable to the downward spiral of a tit-for-tat trade war but acknowledged it left Mexico open to further pressure. “Mexico is weak economically and it’s always going to be vulnerable if the United States is willing to use economic policy to enforce national security policy,” he said.

Source: Manila Bulletin June 09, 2019 04:07 UTC