Puerto Vallarta News

Puerto Vallarta News

Mexico’s economy taking a beating post-Trump election

Global investors are seriously worried about Mexico. They worry that Trump's plans to build a wall along the border, throw out undocumented immigrants and renegotiate trade agreements will damage the country's economy.

The peso fell 8 percent Wednesday to roughly 20 pesos to the dollar, its lowest value against the dollar in history. In comparison, the peso traded at roughly 13.50 pesos to the dollar two years ago, well before Trump announced his candidacy. The stock market in Mexico fell more than 2 percent.

Trump's threats to repeal or renegotiate the North American Free Trade Agreement . . .

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