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."
(Excerpt) Read more at hosted.ap.org ...
Mexico sends us drugs and illegals to support and takes our jobs and remittances. A real winning combination for them and a loosing one for us.
The middle and working class in America are finished with that deal. It is time the elites learned to mow their own grass and change their kids diapers.
“If you like your auto manufacturing plant you can keep it.”
/s
LOL
Heheheheheheheee....};o)
I hope and wish Trump mocks Obama relentlessly with that.
Oh noo... what will Heb! and the Mehican wife say ?!
I agree we should watch bot sides & call them out when it happens. I have no doubt we’ll get our chance.
The swamp needs to be drained from both ends.
“MEXICO FEARING MORE UNDER TRUMP”
That’s a shame.
Wait until we start garnishing remittances sent home: Mexico’s largest source of income.
We’ve finally got a president more concerned about Americans than Mexicans and central Americans.
Too bad for the leeches, good for America.
Nice to see someone here has his head screwed on straight about this stuff.
Suddenly everyone goes catatonic because “our guy” gets elected? That is exactly how we go into this mess to begin with. America and the Constitution belong to the states and the people who have fallen asleep like sheep, while the Lying Left, like wolves, creep in and devour them.
The story goes that once a laborer gets enough money, they quit or simply don't show up to work. The plant managers are continually driving to nearby towns to gather up enough workers to build the product for that day.
Plus, apparently people and businesses are continually trying to rip each other off by cutting corners to save a few dinero. While we were eating dinner, the site/plant manager used the example of a stick of butter on our table — in the United States, that stick of butter IS BUTTER, in Mexico that “yellow stick on the plate” might be lard with yellow food coloring with salt for flavoring.
Bottom line: it sounds like a cultural problem in Mexico more than anything. And the immigrants who come to North America (legally and illegally) are pretty hard workers.
What a welcome surprise!
It has been a few decades since we had one of those. Reagan as I recall.
What you mean “reconsidering”? They just made a down payment!
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