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Mexico warns the US that it’s looking for alternative trading partners, this as the world’s largest economy threatens to renegotiate the NAFTA deal. We also tell you what’s likely to dominate the agenda as G7 finance ministers meet in Italy. Plus, inflation in Egypt hits a 30-year high, leaving many people struggling to afford basic goods.
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In This Story: Mexico
Mexico became an independent nation state after the successful Mexican War of Independence against Spain in 1821.
Mexico is a developing country, but has the world’s 15th-largest economy by nominal GDP and the 11th-largest by PPP, with the United States being its largest economic partner. Since 2006, a conflict between the government and drug trafficking syndicates has led to over 120,000 deaths.
Mexico receives a significant number of tourists every year; in 2018, it was the 6th most-visited country in the world, with 39 million international arrivals.