I’d say it’s probably fair to suspect that when it comes to renegotiating NAFTA (“the worst trade deal ever,” according to Donald Trump) Mexico is likely to get the short end of the proverbial stick.
After all, it’s not Canadian immigrants who are “rapists” and who are “bringing drugs,” and it’s not Canadians who cost Trump the popular vote by showing up by the millions to cast illegitimate ballots.
So despite Mexico’s generous extradition of the most notorious drug lord on the face of the planet (Sean Penn confidant “El Chapo”), you’ve gotta think the administration is going to go pretty hard on our southern neighbor. After all, the manufacturing jobs didn’t flee America’s heartland for readily available cheap labor in Ontario.
If you want to get an idea of how the market is pricing the divergent fortunes of Canada and Mexico under Trump, look no further than the following chart.
Doesn’t get much clearer than that.
Good luck, Mexico. You’re going to need it.