Why Mexico is Missing its Chance to Profit From US-China Decoupling (FT)

  • A predicted economic boom from American companies relocating closer to home has not arrived. Many blame the president.
  • Last month the government forced Vulcan Materials, the biggest American producer of aggregates used in US construction, to halt quarrying in the southeastern state of Quintana Roo, with López Obrador warning that an “ecological catastrophe” was taking place…
  • Companies from Spain, the former colonial power, have also been targeted. That Spain is Mexico’s second biggest foreign investor after the US cuts little ice.
  • While foreign companies have borne the brunt of López Obrador’s attacks, the handful of big Mexican businesses that control large parts of the economy have been less affected. READ MORE (No Paywall)

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