In recent campaign speeches Donald Trump laid-out strict trade plans against Latin American countries which could shake-up regional economics. The ex-president whose running for office again wants to put a two-hundred percent tax on all Mexican cars coming to US
The proposed measures dont stop at Mexico: Trump aims to target countries moving away from dollar trading (including Brazil which joined other BRICS nations at their Kazan meeting last week) His trade-policy would hit countries that try using different currencies in their deals
A fresh report by Moodys shows possible problems for Mexico if these ideas become real: the country might face tough times with its money worth less and prices going up. The research points out that Mexican business could slow down a lot — making life harder for regular people and companies that work across the border. The worst-case outlook shows Mexico sliding into economic troubles with rising costs and dropping peso value