Big Mexican firms to trim 2017 investment on U.S. concerns

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.