According to Donald Trump, Mexico’s leaders are smart, sharp and cunning. The Republican is not yet in the White House and already a sense of crisis envelopes Mexico. Mexico, like the rest of the world, must wait to see what President Trump does in office. If Trump renounces Nafta, trade would in theory revert to pre-existing World Trade Organisation (WTO) tariffs, which are less than 3% for Mexican products but higher for US exports. But Trump has also pledged to slap taxes as high as 35% on Mexican imports, violating WTO rules and throwing Mexico into uncharted territory.

Source: The Guardian November 26, 2016 10:52 UTC