Mexico is at the mercy of President Trump, says one expert, and the country doesn't have much leverage if NAFTA is renegotiated or if a tax is levied on its exports.  Carlos Petersen, an associate at Eurasia Group with a focus on Latin America, notes that 80% of Mexico's exports go to the U.S. and its economy could take a significant hit.  

Petersen says the peso will continue to remain under pressure, and he couldn't rule out potential downgrades of the country's debt.

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