A Mexican delegation will visit China in September
A Mexican delegation will visit China in September, sending the United States the message that Latin America’s No. 2 economy “has lots of other alternatives,” Mexico’s economy minister Idelfonso Guajardo said on Thursday.
“We will use it geopolitically as strategic leverage” said Guajardo, answering questions from reporters. “It sends the signal that we have many alternatives.”
Guajardo was speaking after U.S. President Donald Trump indicated he wanted to get the U.S. trade deficit with Mexico down to zero. Guajardo said expanding bilateral commerce, not restricting it, was key to re-balancing the U.S.-Mexico trade deficit.
Nonetheless, Guajardo said the deficit is not a good way of measuring the strength of a trading relationship.