Trump hasn’t been sworn in yet, but Mexico is already reeling

Mexico Map - Public Domain

Drug violence here is again on the upswing, the government has struggled to combat widespread corruption and nationwide protests have erupted after gasoline prices spiked this month amid the country’s falling oil production and inability to produce all its own fuel.

Even before his swearing-in, Trump has already hurt the country’s economy by pressuring automakers to shift factories out of Mexico, threatening its most important manufacturing sector and status as a rising star in auto production. Amid an uncertain economic outlook, the peso has plunged to all-time lows against the U.S. dollar.

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