Big Mexican firms to trim 2017 investment on U.S. concerns
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Mexico's top companies plan to reduce their investment in 2017 due to uncertainty over the future of trade relations with the U.S. under the Trump administration, a leading business association said. The Consejo Mexicano de Negocios (CMN), said it would invest around US$31.43 billion this year, a drop of 6.2% from the US$33.5 billion announced for 2016. President Trump has threatened to dump the NAFTA if he cannot renegotiate it in favor of the U.S., casting a pall of doubt over the accord that underpins much of Mexico's commerce.