U.S. president-elect’s protectionist threats put big business on back foot. President-elect Donald Trump’s tweet blasted Toyota’s plans to make U.S.-bound cars in Mexico, threatening expensive tariffs. In the wake of Trump’s latest tweet, some companies are giving second thoughts to plans to expand in Mexico, with one executive calling such a move “risky.”
Mexican government ‘categorically rejects’ attempts to scare off investors but effects seem clear as future Ford plant – and job hopes – are left an empty shell. “It’s going to have a huge impact on the local community,” said Eaves, calculating the loss to the economy could run into the hundreds of millions or billions of over the next five years, as manufacturing, contracting and indirect jobs all fall short of plans.
President-elect Donald J. Trump made the comments after Republicans in Congress started discussing ways to include money for the barrier in spending bills.In the interview, Mr. Trump vowed that Mexico would ultimately reimburse the United States. He said that payment would most likely emerge from his efforts to renegotiate the North American Free Trade Agreement with the Mexican government.
The move by Mexico’s president, Enrique Peña Nieto, brings to a head the simmering tensions that have been building for months between the two leaders. After calling for dialogue in the face of Mr. Trump’s vows to build a wall, Mr. Peña Nieto ultimately bowed to public pressure in Mexico to respond more forcefully to his northern neighbor.
In Mexico City visit, senior White House seek to cool tempers after weeks of tension between the two neighbours."There exists among Mexicans worry and irritation about what are perceived to be policies that could be harmful for the national interest and for Mexicans here and abroad," Videgaray said, l ooking stern as he stood beside the US officials. Relationships between the two countries have gone downhill quickly since Trump's win at the US presidential election in November.
Mexico doesn’t want to be bossed around. After alarming the world with news about potentially ending NAFTA, Trump seemed to backtrack, saying in a Wednesday statement that he had “pleasant and productive” calls with the leaders of Mexico and Canada. “It is my privilege to bring NAFTA up to date through renegotiation,” he said. “It is an honor to deal with both President Peña Nieto and Prime Minister Trudeau, and I believe that the end result will make all three countries stronger and better.”
The president promised to save 1,100 Indiana jobs, but the company never agreed and now six months later, they’re beginning layoffs. Inside the plant, some workers were skeptical. Carrier had promised layoffs, which Trump glossed over in his claim to save over 1,000 jobs.On Monday, these workers were proven right. Though Trump struck a deal with Carrier promising them $7 million in local business incentives if they kept their Indianapolis plant open, the heating and cooling company warned that it would still outsource a number of Indiana jobs to Mexico, regardless. But the Trump campaign still championed the deal as a win for American workers. This week, the Carrier announced it will cut 632 jobs from its Indiana plant by the end of the year.
President Trump made building a wall along the southern U.S. border and forcing Mexico to pay for it core pledges of his campaign. But in his first White House call with Mexico’s president, Trump described his vow to charge Mexico as a growing political problem, pressuring the Mexican leader to stop saying publicly that his government would never pay.
The migrant and refugee caravan traveling through Mexico continued its northbound trek on Wednesday, heading towards Mexico City after temporarily stopping in the Mexican state of Oaxaca, where they regrouped amid a flood of attention lavished on their journey. Organized by a migrant activist collective called Pueblo Sin Fronteras, an estimated 1,200 to 1,500 people are participating in the caravan.
The gang is not invading the country. They’re not posing as fake families. They’re not growing. To stop them, the government needs to understand them. Congressional Research Service said that it could be misleading to call MS-13 a transnational criminal organization at all, because it has no central leader or global ambitions. The gang is made up of sometimes competing cliques, often led by teenagers most interested in wielding power over other young people in their immediate circles.