World Economy

Mexico Rejects Trumps Threats

Mexico Rejects Trumps ThreatsMexico Rejects Trumps Threats

The Mexican government says it rejects the use of threats to sway investment by foreign firms. The economy department on Friday said it “rejects any attempt to influence companies’ investment decisions based on fear or threats,” AP reported on January 7. It did not specify what threats it was mentioning, but was apparently referring to US president-elect Donald Trump’s efforts to persuade companies not to move jobs to Mexico. This week Ford Motor Company canceled plans for a new $1.6 billion car plant in Mexico. Following Trump’s threats to US automakers Trump tweeted Thursday: “Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for US. NO WAY! Build plant in US or pay big border tax.” Toyota said it did not plan to abandon plans for a plant in the central state of Guanajuato.


Add new comment

Read our comment policy before posting your viewpoints