Skip to comments.SCUTTLED FORD PLANT HAS MEXICO FEARING MORE UNDER TRUMP
Posted on 01/04/2017 12:31:22 PM PST by Enlightened1
Ford Motor Company's cancellation of plans to build a $1.6 billion auto manufacturing plant in San Luis Potosi has sounded alarms throughout Mexico.
Even as the country is being rocked by rowdy nationwide protests against a Jan. 1 gasoline price hike, the Ford news led the front pages of Mexico's most influential newspapers on Wednesday, and they tied the development directly to President-elect Donald Trump.
"Trump leaves Mexico without 3,600 jobs," read the headline on El Universal. "Ford's braking jolts the peso," said Reforma, referring to the Mexican currency's nearly 1 percent slump following the news.
"The jobs created in Mexico have contributed to maintaining manufacturing jobs in the United States which otherwise would have disappeared in the face of Asian competition," the Mexico Economy Department said.
Mexicans have been nervous about Trump's tough rhetoric toward their country, including disparaging remarks about immigrants who come to the U.S. illegally and vows to wall off the border and renegotiate the North American Free Trade Agreement, upsetting ties with what is by far Mexico's largest trading partner.
Two weeks before inauguration, the scuttling of the planned Ford factory and Trump's pressure on General Motors should be a "much-needed wake-up call," said Mexico analyst Alejandro Hope.
It shows "how much actual leverage Trump has within specific companies, which is far greater than what Mexican elites thought until recently," Hope said. "They claimed that at the end of the day economic interests would prevail over political messaging. That's clearly not the case."
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It's time for real competition. That's capitalism and not the CRONY RIGGED TRADE AGREEMENTS that your corrupt Globalist Degenerates love.
“Trump leaves Mexico without 3,600 jobs,”
I’m trying to hold back the tears.
Bet they’re reconsidering paying for the wall.
The bottom line is: To what extent should the US care what happens in Mexico once the wall is up?
If Trump is able to cajole companies into repatriating that is good for US.
I’m not sure who is going to be more angry, the Mexican workers or NAFTA supporters.
Well said. Mexico has been pandered to for far too long by CRONY CAPITALISTS (and presidents). Let them take care of their poverty and lack of any business management...not the American taxpayer.
In the long term Trump’s policies will benefit Mexico. A prosperous U.S. will mean more trade, tourism, investment, etc. for Mexico.
“Trump leaves Mexico without 3,600 jobs
Sad it isn’t 360k jobs lost in mexico.
Hopefully, the Mexican el presidente will follow through with his threat to call all of his people home from the U.S.
This will all be used as leverage.
First off, the wall will go up. You will stop sending over your unwanted and will take back the criminals you have sent or we will absolutely PUNISH YOU.
The original idea was that more trade would increase jobs on both sides of the border, and that more jobs in Mexico would mean fewer border-jumpers.
It hasn’t worked out that way on either count. The US has been industrialized (a lot of it going to China as it turns out) and Mexicans are still crossing the border by the hundreds of thousands.
The GRINGO’s are taking our jerbs!!!
Why care. They’ve had decades to get their house in order. I don’t know what percentage but its not an insubstantial amount of bureaucrats collecting bribe money. They sold their souls to the criminal underworld. If they can’t straighten out then who really cares what happens their side of the wall?
This IS the beginning of paying for the wall
Make fun of the Gringo. In two years Mexico will only be a narco state at best.
Just remember my FRiends, unconstitutional federal acts under Trump that seem to favor the Right (”feel good tyranny”) should be shunned as much as belligerent unconstitutional federal acts like those under Obama.
Protectionist tariffs, though not advisable, are not unconstitutional. But federal interference with business market decisions are generally unconstitutional.
Remember, it was Bush who greased the skids for Obama. So often it is a GOP President who unconstitutionally grows the feds in a “feel-good” way. But as we should all know, tyranny sooner or later becomes oppressive and miserable.
To clarify, unconstitutional acts of the feds are by definition acts of tyranny.
Why can’t Mexico make their own damn car?
Mexico: ¡Vete al infierno!
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