MEXICO CITY, Jan 16 ― A top Mexican official yesterday welcomed the signing of an initial trade deal between the United States and China, even though it could signal an end to benefits Mexico has enjoyed from an 18-month dispute between the world's top two economies. Jesus Seade, the deputy...
Jesus Seade said on balance it was better for Mexico for the United States and China to be working out their problems. ― Reuters pic
Jesus Seade, the deputy foreign minister who has been Mexico's top trade negotiator under President Andres Manuel Lopez Obrador, said on balance it was better for Mexico for the United States and China to be working out their problems. The trade deal will roll back some tariffs and boost Chinese purchases of US products. However, some sore spots remain unresolved.
Seade noted that the trade spat had caused some migration of business from China to Mexico, and given Mexican exporters some advantages over Chinese firms that faced US tariffs.
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