In his latest editorial for the WSJ, former U.S. Secretary of State, Mr. Mike Pompeo says AMLO’s lame-duck reforms will hurt Mexicans, drive investment away, and wreck relations with the United States.
Expected constitutional and political changes in Mexico will upend the bilateral relationship with the U.S., causing chaos at the border and likely kicking off a trade war. The result will be economic stagnation in Mexico. Only the cartels pushing poison into both nations will benefit.
Mexico’s lame-duck president, Andrés Manuel López Obrador, known as AMLO, seems intent on passing a series of “reforms” to eliminate independent regulators or merge their offices with executive branch agencies. A clear violation of the U.S.-Mexico-Canada Agreement, this would cripple investor confidence in the Mexican system. The flow of foreign direct investment from the U.S. would dry up.
CLICK HERE TO READ THE FULL ARTICLE BY Mike Pompeo ON THE WSJ
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