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Date Posted: 14:21:35 3/29/23 Wed
Author: Jasper
Subject: Do this or else, yeah right. If the US doesn't watch out China and Russia will be in Mexico

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The decision by Mexican President Andres Manuel Lopez Obrador toroll back reforms aimed at opening Mexico's power and oil markets to outside competition has angered the U.S., Canada and Europe and triggered bipartisan calls for the U.S. to get tougher on its southern neighbor. In recent years, U.S. Big Oil companies, such as Chevron Corp. (NYSE:CVX) and Marathon Petroleum Corp. (NYSE:MPC), alongside a host of solar and wind energy companies, have struggled to obtain permits to operate in Mexico.

The Office of the United States Trade Representative (USTR) will make a"final offer" to Mexico negotiators to open up its markets and agree to increased oversight. If they fail to accept the final offer, the U.S. will request an independent dispute settlement panel under the USMCA trade agreement. The U.S. and Canadademanded dispute settlement talks with Mexico nearly a year ago, far more time than the 75 days required under USMCA rules before aggrieved parties can request a dispute settlement panel if they fail to reach an agreement.

https://oilprice.com/Energy/Energy-General/Mexico-Risks-Trade-War-With-US-Over-Energy-Reform-Roll-Back.html

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