The Conservative Cave
Current Events => Economics => Topic started by: HAPPY2BME on January 04, 2017, 09:39:42 PM
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Jan 4, 4:57 PM EST
Scuttled Ford plant has Mexico fearing more under Trump
By PETER ORSI
Associated Press
Ford Motor Co.'s cancellation of plans to build a $1.6 billion auto manufacturing plant in San Luis Potosi has sounded alarms across 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 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.
"Mexico loses thousands of jobs with no word on a clear strategy for confronting the next U.S. government which has presented itself as protectionist and, especially, anti-Mexican," the paper wrote. "Trump will try to recover as many U.S. companies that have set up in Mexico as possible. He will try to make them return at whatever cost, through threats or using public resources."
"Ford's decision is indicative of what awaits the economies of both countries," the daily La Jornada said. "For ours a severe decrease in investment from our neighboring country, and for the U.S. a notable increase in their production costs."
http://hosted.ap.org/dynamic/stories/L/LT_MEXICO_FORD?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2017-01-04-14-45-38
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They never had the jobs to lose. American companies should put Americans first.
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They never had the jobs to lose. American companies should put Americans first.
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Pretty sure that was one of the main reasons the majority of Americans voted for Donald Trump.
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This COULD be the lever that Trump uses to get Mexico to reimburse for the wall. "You want us to drop this border tax? pay us for the wall."
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This COULD be the lever that Trump uses to get Mexico to reimburse for the wall. "You want us to drop this border tax? pay us for the wall."
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It will be a multi-faceted strategy. Just like Mexico and Mexicans use layers and layers and layers of multi-faceted methods and means to rob, steal, rape, murder Americans every day. Including the corrupt Mexican government. Our own government is nearly as corrupt as the Mexican government is, and they are the ones holding up the wall and allowing Mexico their continued pillage spree of the entire country.