Mexico, Between the T-Mec and the Wounded Dragon

El Economista

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It was another decision of Mexican populism: flooding the market with cars 30% cheaper than the average of any home-made vehicle and directly importing consumer products, many of them below their cost of production.For years, Mexico was flooded with Chinese goods, which benefited consumers at the expense of affecting local industry, trading partners and the trade balance.That valve was closed, but not for the sake of the regime, which cares litt…