The United States can extend a longer line of credit to Mexico if the country faces a currency crisis, according to the terms of a new agreement signed on Wednesday that follows the two countries’ trade deal.
Mexico can negotiate for up to $9 billion under a currency “swap line” with the U.S. Treasury Department, up from $3 billion under a deal last updated in 1994, when the countries’ North American Free Trade Agreement (NAFTA) took effect, according to a joint statement by U.S. Treasury Secretary Steven Mnuchin and Mexican Finance Minister Jose Antonio Gonzalez Anaya.
The agreement . . .
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