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... almost kicked out of the US market.

  When Mexico announced the free floating peso, the United States still took a wait-and-see attitude towards the situation in Mexico. While the depreciation of the peso is good for U.S. imports, meaning that a dollar can buy more Mexican products, the depreciation is extremely bad news for the U.S.’s worsening trade deficit.

We must know that Mexico was the third largest trade exporter of the United States at that time. The United States exported ...

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