Related: Trying Times for Mexico ETF

Mexico just recently changed leadership, opting to elect controversial leftist candidate Obrador as its next president. Obrador’s election sparked controversy, but public opinion may be swaying towards his side as the LA Times reported that “little more than a week he has gone from being denounced as a looming threat to stability, a Mexican incarnation of the late Venezuelan leftist firebrand Hugo Chavez, to being the darling of Mexico.”

With trade concerns weighing on the minds of investors, one key driver was how Obrador’s relationship with U.S. President Donald Trump would play out. The U.S. imposed duties on aluminum and steel, affecting NAFTA members that include Mexico.

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