© Americanspirit |mexico_52316220
© Americanspirit

Yesterday marked the beginning of what could be a drawn-out spat between the US and Mexico, with cancelled meetings and annoyed tweets. Bloomberg looks at the feud, and argues that a trade war would be damaging on both sides of the border. Interestingly, though, it also notes that “Trump has a point”, as the US trade deficit with Mexico represents 12% of the total imbalance. Nevertheless, the interdependence of manufacturing supply chains, as well as the fact that some 5m US jobs depend on trade with Mexico, means a trade spat could hurt those in Trump’s rust belt heartland.

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