Commentary: For Asia, Mexico’s tariffs looks like a new front in Trump’s trade war

NOT JUST ASIA’S RELATIONSHIP WITH THE US And what happens if Trump decides that he doesn’t care about such expensive professions of loyalty, and shuts down USMCA anyway? Mexico City will have to rebuild trade relations with the rest of the world from scratch, but capitals from Brasilia to Beijing may not be particularly warmly disposed at that point. Many countries in Asia had hoped that America-first trade policy – even if disruptive – might end up forging a united front against Chinese dominance of manufacturing. Sheinbaum’s surrender shows us a different path. In this alternative world, some countries will…