Mexico reduces its US imports of goods in the wake of the economic crisis caused by the pandemic, while exports are rising sharply. It was a super-commercial operation that the Department of Treasury was considered “disproportionate” and had in Mexico a vigilance list to avoid being abused by monetary practices. The inclusion is a “attention alert” to the Mexican authorities for not intervening in the cambio type to stop the exports.
“Mexico’s current record records a historic superhero in 2020”, the report sent the celebrations to the EE UU Congress. “EE UU’s relatively strong demand for amortization of exports, while the tax austerity in Mexico has increased the economy’s exposures to the economic effects of the pandemic, which provoked an internal demand collapse that provoked a compression.” . Mexico has not registered a superhero since 1987, according to the reporter.
The Treasury oversees the macroeconomic and exchange policies of its commercial societies and “any important commercial society of the EU that represents a large and disproportionate share of general commercial deficit” can be included in the list. In 2020, Mexico will be the largest commercial company in the United States. In the past, EE UU has accused China of, for example, manipulating its currency to cut off export products, generating a competitive “unjustified” sale.
The inclusion of Mexico in its Monitoring light (List of Vigilance) to avoid this situation precisely, explains Ignacio Martínez Cortés, Coordinator of the Laboratory of Economics, Economics and Negotiations of the Universidad Autonomie Nacional de México (UNAM). “It is antesala to call attention to the Bank of Mexico and the Secretariat of Education”, opina Martínez, “differs from what we saw in 2019 when EE UU accuses China of manipulating its currency. This is not the case, but it is an alert to pay attention ”before returning to the T-MEC chapters, the free trade agreement between countries, to resolve a potential conflict.
Due to the economic crisis of covid-19, the Mexican peso lost 8% of its value since February 10, 2020, a day before markets began to react to the pandemic. The Bank of Mexico conducts operations in the type of exchange to counteract the volatility of the peso or accumulated reserves. In 2020, the bank will intervene “at least” to defend the peso, califos el Tesoro. “The prudent monetary policy and inflation measures of the country and the flexible currency type regime are critical pillars of the macroeconomic market for Mexico’s resistance to shocks”.
“As far as the Treasury’s Department, as far as the Department of Commerce is concerned, it is implementing measures that Mexico does not have a superlative commercial level because it affects the economic [presidente Joe] Biden that it is precisely created full on the interior of EE UU ”, assures Martínez. “And it is hay that is not valid, but it is a favorite of Mexico.
In the last paragraph in its chapter on Mexico, the Treasury also expressed its opinion on the invasions of the Mexican government in the two energy companies of the State, as a factor that could contribute to this trade imbalance between countries: The recovery sector reduce the potential of crime to large places ”.
“The cost of Mexico’s support to increase market dominance of deficit government companies agotes public resources for essential guests and margin inversion and renewable energy that reduces user costs and frees up tax space for nets in the middle “The energy of the United States of Mexico can be reduced to the result of the objective of Mexico’s policy of an independent mayor of combos, the commercial supervisor of Mexico with the United States can increase”, Tesoro said.
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