"What I suspect matters most for firms considering investing in Mexico is stable, predictable, comprehensive access to the North American market, more so than the right to bring [investor-state dispute settlement] cases."
The pace of economic globalization may slow, but this isn’t necessarily cause for great concern; the “bicycle theory” that globalization must continually be marching forward lest it come to a crashing halt is a cute metaphor, but there is little empirical evidence to suggest it’s true
There is quite clearly something specific about Chinese FDI that is viewed as much more of a threat than other countries. Everyone kind of acknowledges that in the background, but is not willing to have a clear policy that says yes, this is aimed specifically at China.
On the one hand the U.S. wants to be defending U.S. companies overseas and they are going to see this as vindictive, particularly in going after Apple’s profits retroactively. But in the bigger picture the U.S. is taking moves to fight inversions and improve the global system.