By Felipe Ledezma
Considering the implications of "Bideneconomics" (which would continue under a Kamala Harris administration) and "Trumpeconomics" on Mexico, looking at various economic policies is essential.
1. Bideneconomics (Biden Administration's current Economic Policies):
Trade Policies: Generally supportive of free trade and multilateral agreements, which could benefit Mexico due to its reliance on exports, especially to the United States.
Immigration Policies: More lenient immigration policies might benefit Mexico through increased remittances sent back by Mexican workers in the US.
Investment and Aid: Increased aid and investment in Central America could indirectly benefit Mexico by improving regional stability and economic conditions.
2. Trumpeconomics (Trump Administration's Economic Policies):
Trade Policies: A more protectionist stance, including the renegotiation of USMCA, which could have mixed effects on Mexico, potentially disrupting supply chains but also presenting opportunities for domestic manufacturing.
Immigration Policies: Stricter immigration policies may reduce remittances from Mexican workers in the US.
Tax Policies: Tax cuts and deregulation could boost the US economy, potentially increasing demand for Mexican exports.
Which is better for Mexico?
Bideneconomics might generally be seen as more favorable for Mexico due to its emphasis on trade openness and potential benefits from regional economic development initiatives.
Trumpeconomics could have mixed effects; while tax cuts and increased US economic activity could boost demand for Mexican goods, trade tensions and immigration policies could pose challenges.
Ultimately, the impact on Mexico depends on the specific policies implemented under each administration and how Mexico adapts to these changes in its economic strategy and diplomatic relations with the United States.
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