From Wharton Business School:
“...On balance, Mexico would be more susceptible than the U.S. to damage from any sustained trade war between the U.S. and Mexico..”
““...On balance, Mexico would be more susceptible than the U.S. to damage from any sustained trade war between the U.S. and Mexico..””
In macroeconomics, that is likely correct, but it might not be on the micro level.
Essentially, Mexico has a lot of people living without work and in poverty. If you add more people that group, the impact on them is not all that bad. There is little impact on the standard of living.
Here in the US, job losses have a bigger impact, because with each job loss, the standard of living for someone significantly decreases.