In April 2017, a group of Mexican executives filed into the Texas governor'...
MEXICO CITY - In April 2017, a group of Mexican executives filed into the Texas governor’s mansion in Austin for a meeting they hoped would help save a trillion-dollar trade deal.
Supplying them with up-to-date information on trade and investment flows, the Mexicans believed the Americans could persuade policymakers that scrapping NAFTA would hurt U.S. workers and companies. But final approval has become more uncertain since Democrats took control of the House of Representatives from Republicans, a potential setback to Mexico’s best laid plans.Mexican business and political leaders, including the heads of the foreign and economy ministries, started scrambling to save the 25-year-old trade deal right after Trump’s election in November 2016.
When Trump pulled out of TPP that month, Mexican officials feared NAFTA would be next. In Mexico City, then-foreign minister Luis Videgaray and his counterpart in the economy ministry, Ildefonso Guajardo, flew to Washington to sketch out possible concessions for an overhauled trade pact. It was “a permanent, online, computer-based information-gathering drive,” said IQOM partner Zabludovsky. “And a lot of data crunching.”
Each member of Mexico’s team also had politicians or executives to target. Kalach of the CCE said he spoke to 36 U.S. state governors about the value of cross-border trade. Abbott eventually sent a letter to Lighthizer defending NAFTA - emphasizing that Texas exported more than $90 billion of goods to Mexico annually and that nearly a million jobs depended on free trade with the NAFTA partners.
Among others, a source familiar with the situation said, Dimon met with Kushner, U.S. Treasury Secretary Steven Mnuchin and Gary Cohn, Trump’s chief economic adviser until April 2018.
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