Folks, we have all watched the North American economic moves with great interest ever since the first discussions about reforming NAFTA were triggered by Donald Trump. Well, things are about to get even more interesting, and we will have a front seat to see how this plays out.
Joe Biden and Canada’s Justin Trudeau are in ideological alignment, willing to destroy the entire North American economy as they construct the new climate change energy systems for the U.S and Canada. However, Mexican President Andres Manuel Lopez-Obrador (AMLO) has already indicated -including direct statements to Joe Biden at the White House– that he is not willing to put the Mexican economy into collapse and try to engineer an economic future on solar panels and windmills.
As a direct result of following an independent path, the Mexican currency has strengthened against the U.S. dollar providing AMLO with evidence his current strategy to stay away from the U.S. energy policy has benefit. Factually, AMLO is a soft-socialist (immigration); however, he is also a strong economic nationalist who has previously expressed a strong dislike for the influence of multinational corporations in Mexico. AMLO is not a World Economic Forum acolyte. AMLO ideologically aligned toward team BRICS.
The U.S. and Canada are going to push every possible political pressure point in order to force Mexico to change energy policy. The stakes are high. It is going to be remarkable to watch what happens as this battle takes place. The Wall Street Journal starts to notice:
(Wall Street Journal) – A shake-up of Mexican trade officials has clouded prospects for a quick resolution of a dispute with the U.S. and Canada over what are seen as Mexico’s nationalist energy policies.
The changes at the Economy Ministry are part of an effort by Mexican President Andrés Manuel López Obrador to put people who support his stance in charge of negotiations, according to people familiar with the situation.