U.S-Mexico Trade: Impact on Emerging Markets

The transcript discusses the impact of the Trump administration's policies on emerging markets, particularly focusing on the US-Mexico relationship and the potential renegotiation of NAFTA. It highlights the political noise versus actual legislation and its effects on market positioning, especially concerning the peso and Dollar Max. The discussion concludes with an outlook on market volatility and the administration's approach to international trade.

In what ways can noise in politics translate into real legislation, according to the discussion?

What are the expected outcomes for emerging markets given the current political volatility?