But Ross, who as Commerce Secretary would lead any trade negotiations, describes a more benign approach. On Mexico, he points out that the United States accounts for 80% of Mexican exports, which gives the United States plenty of leverage to lean on its southern neighbor to buy more American-made products. If Im a guys 80% customer, is he going to fight with me? Ross says. No, hes going to negotiate. The goal, he says, wouldnt be to punish US companies that produce goods in Mexico, but to reduce Americas $60 billion trade deficit with Mexico. That can be done two ways: by Mexico exporting

...

Read more