Trump Victory to Bring Mexico and China Closer Together

China and Mexico pledged on Monday to deepen ties at a meeting between their top diplomats following last month’s U.S. presidential election victory of Donald Trump, who has tested Washington’s relationship with both countries.

Before arriving in Mexico on Sunday, Chinese State Councillor Yang Jiechi met with members of Trump’s team in New York, including his pick for national security adviser, retired Army Lieutenant General Michael Flynn.

Mexico has been exploring ways to lessen its economic dependence on the United States out of fear that access to its No. 1 trade partner will be restricted by policies under Trump, who promises to protect American jobs from going outside the country.

Yang’s meeting with Mexican Foreign Minister Claudia Ruiz Massieu included discussions of enhancing trade and investment ties, Mexico’s Foreign Ministry said in a statement, as well as improving flight connections between the two countries.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza