Mexico’s ambassador to the U.S., Gerónimo Gutiérrez, sees a 50-50 chance that NAFTA is terminated, but is confident that some sort of deal can be reached as all sides are “communicating fluently”. This is another sign of Mexico’s hawkish-yet-optimistic stance, shown recently by Economy Minister Guajardo’s assertion that automotive rules-of-origin proposals are “not viable”. An earlier aggressive position from the Mexican government was a willingness to diversify food supplies. The American farm lobby has been pushing the administration to maintain NAFTA, suggesting the threat is still al...