Panic in Mexico: Trump taking OUR jobs...

[Correll]

After Ford cites Trump policies in their decision to cancel Mexican Ford Plant and invest that money in Michigan, Peso stumbles as Mexico in uproar...

MEXICO CITY (AP) -- 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.

News from The Associated Press​

NOt long ago, lefties were telling me that Trump was considered a joke by other leaders, including Mexico.

I told them that people who have built their economies around taking advantage of our stupidity, were shaking in their boots.


THey dismissed my point.

NOw we see it starting, just as I said.

 

[PoliticalChic]

The problem in Mexico is that part of their economy is now built around illegal Mexicans working in the US and sending money back to Mexico. Much of the billions of dollars sent to Mexico are not being spent in the US and therefore are of little value to the US economy:

"During his presidential campaign, Donald Trump said he would stop allowing wire transfers of money out of the United States from Mexican nationals unless Mexico agreed to fund a border wall. Migrants in the United States are expected to have sent a record $27 billion in remittances into Mexico in 2016, according to BBVA Bancomer, an increase of more than $2 billion over 2015."

......

"Monica Arroyo, who lives in a village outside Ixmiquilpan, the Mezquital Valley’s largest town, said she depends on the $200 a month her daughter, an undocumented restaurant worker in Clearwater, Florida, sends home."

"“If they return our migrants, there’ll be more poverty, because up there they have work and help maintain us,” she said. “Here there is no work.”"

Migrants in U.S., Mexico fret about Trump threat to halt remittances

.

More than their oil industry.

 

[HereWeGoAgain]

The problem in Mexico is that part of their economy is now built around illegal Mexicans working in the US and sending money back to Mexico. Much of the billions of dollars sent to Mexico are not being spent in the US and therefore are of little value to the US economy:

"During his presidential campaign, Donald Trump said he would stop allowing wire transfers of money out of the United States from Mexican nationals unless Mexico agreed to fund a border wall. Migrants in the United States are expected to have sent a record $27 billion in remittances into Mexico in 2016, according to BBVA Bancomer, an increase of more than $2 billion over 2015."

......

"Monica Arroyo, who lives in a village outside Ixmiquilpan, the Mezquital Valley’s largest town, said she depends on the $200 a month her daughter, an undocumented restaurant worker in Clearwater, Florida, sends home."

"“If they return our migrants, there’ll be more poverty, because up there they have work and help maintain us,” she said. “Here there is no work.”"

Migrants in U.S., Mexico fret about Trump threat to halt remittances

.

More than their oil industry.

From what I understand it's only second to PEMEX.
We hold the hammer and mehico damn well better do everything they can to avoid being the nail.

 

[Yarddog]

After Ford cites Trump policies in their decision to cancel Mexican Ford Plant and invest that money in Michigan, Peso stumbles as Mexico in uproar...

MEXICO CITY (AP) -- 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.

News from The Associated Press​

What's wrong with Mexico? why cant they develop their own cars? Trucks? why do they need our companies to go down there to give them jobs? Of course they have a centralized anti-growth mess of a government.

 

[Votto]

 

[Ted Frazier]

We are going to need a wall for sure

especially after they hear Ford is hiring.

You misspelled firing The Morning Ledger: Automakers Withdraw Promises Made to President Trump to Add Jobs

 

[NYcarbineer]

We are going to need a wall for sure

especially after they hear Ford is hiring.

You might want to put some effort into getting current:

Report: Ford plans to layoff 10 percent of workforce

Report: Ford plans to layoff 10 percent of workforce

 

[miketx]

Believing everything the media says is a sign of mental illness.

 

[iceberg]

We are going to need a wall for sure

especially after they hear Ford is hiring.

You misspelled firing The Morning Ledger: Automakers Withdraw Promises Made to President Trump to Add Jobs

1) due to a lack of sales, not trump policy
2) not adding jobs isn't firing

however - still a good shot.

 

[sealybobo]

We are going to need a wall for sure

Car companies manufacture in Mexico

Several years ago, when China was emerging as a global manufacturing center, labor costs were very low; however, it is not the case any longer as labor costs in China have been steadily increasing for years. Mexico's labor costs make it cheaper to manufacture in Mexico than in China as a result.

Mexico has 13 Free Trade Agreements (FTAs) with 50 countries —including USMCA and FTAs with the European Union, European Free Trade Area ...

The Mexican government has established temporary import tariffs ranging from 5% to 25% for 392 HS codes. These codes include items such as steel, aluminum, bamboo, rubber, chemical products, oils, soap, paper, cardboard, ceramic products, glass, electrical materials, musical instruments, furniture, and more.

 

[Funzo Hoss]

I don't give a fuck about Mexicans having jobs in Mexico