Donald Trump is changing the game. The trade game that is.
After banning the import of lemons from Argentina, Trump has gone ahead and signed several executive orders, one that includes leaving the Trans-Pacific Partnership (TPP). The US president is also thinking of renegotiating the North American Free Trade Agreement (NAFTA) with Mexico and Canada. And this is what, his fourth day in office?
Mexico’s president Enrique Peña Nieto, however, looks like he won’t wait a second to see how Trump is thinking of reshaping their bilateral relations and has already started looking to other countries in the region to start strengthening relationships.
Although Mexico is looking at the European Union (EU), the president said his country will be looking to increase ties with Argentina and Brazil in order to boost trade opportunities. “As a country, we’re proudly Latin American,” he said.
Speaking to the press yesterday, Peña Nieto said there will be “neither submission, nor confrontation, but instead dialogue and negotiation” with the US if Trump were to start renegotiating NAFTA. His goal is to have no tariffs nor quotas be established between the three countries that make up NAFTA.
So as the world looks towards the US with caution, Peña Nieto says he is looking to protect his country’s interests, wants to strengthen Mexico’s presence around the world and, apart from engaging in a new dialogue with the US, is seeking to diversify the market.