Trump and Mexico

AMLO’s designated NAFTA negotiator expects a deal in next ‘couple of months’
Jesus Seade, a former top official at the World Trade Organization that has been tapped by President elect Andres Manuel Lopez Obrador (AMLO) said that a deal for a revamped NAFTA can be reached within a couple of months, as AMLO’s team fundamentally agrees with Mexico’s current negotiating posi...
AMLO’s would-be chief NAFTA negotiator touches base in Washington DC
Jesus Seade Kuri, who would assume the renegotiation of the North American Free Trade Agreement (NAFTA) in the event that the leftist candidate Andres Manuel Lopez Obrador wins the presidential election, is in Washington DC meeting with officials from different agencies interested in the development...
Analyst: Toyota 4Runner, the SUV likely to build in Guanajuato
Since Toyota Motor Corp announced its plans last week to build Tacoma pickups and possibly SUVs at the production plant currently under construction in Guanajuato, Mexico, speculation on the best way for the Japanese automaker to approach such shifts in production has led to different theories among...
Automotive goods account for 31% of Mexico's exports in August and throughout the year
Mexico exported goods worth US$39.5 billion last August, of which 31.6% were manufactured by the automotive industry, equivalent to US$12.5 billion, according to the latest data from the National Institute of Statistics and Geography (Inegi). During the eighth month of the year, exports of vehicles ...
Automotive trade surplus hikes 17.7% during first quarter
The automotive industry established in Mexico recorded a trade surplus of US$ 18.8 billion in the first quarter of 2018, which represented a 17.7% hike compared the first quarter of 2017, the largest increase for a similar period since 2011, according to the latest figures from the Mexican Automotiv...
Border-adjusted tax chills investment at the border
The border-adjusted tax proposed by president Donald Trump worries to the industry and many investors have hold their projects until the new rules are published, said Cesar Ochoa, partner at EC Legal. “This is not an ordinary tax created to discourage imports from Mexico. This situation creates u...
Chinese firm choses to build a new plant in Indiana over expanding Mexican facility
BeijingWest Industries Co. Ltd. (BWI), a China-based brake and suspension manufacturer whose customers include Audi, BMW, GM and Porsche, will invest more than US $80 million to build a 276,000 square-foot plant in Greenfield, Indiana, creating up to 441 jobs by 2021, according to Inside INdiana Bus...
Continental: protectionism, trade wars make our products more expensive
German automotive supplier Continental voiced its support to completely abolish trade tariffs or bring them into line at the lowest level. “Protectionism and trade wars make our products more expensive,” Continental CEO, Dr. Elmar Degenhart, at the technology company’s Annual Shareholders' Mee...
Cummins CEO defends NAFTA before Congress Committee
Cummins CEO Tom Linebarger testified last week before the U.S. Congress to talk about how much the North American Free Trade Agreement (NAFTA) — and trade in general — has helped the company to thrive. Linebarger told the House Ways and Means Committee that international trade has been the sing...
Cummins stands in full support of Dreamers, says CEO
Cummins Inc. Chairman and CEO Tom Linebarger issued a statement after the Trump Administration announced its decision to rescind the DACA (Deferred Action for Childhood Arrivals) initiative. “The decision by the Trump Administration to rescind DACA is discriminatory, harmful and sets our country ...
Despite uncertainty on NAFTA, Mexico’s FDI increases 11% during 2017
In 2017, Mexico received US$ 29.7 billion in Foreign Direct Investment (FDI), despite the uncertainty generated by the renegotiation of the North American Free Trade Agreement. According to the Ministry of Economy, the figure was 11.1% higher than the preliminary one registered a year earlier. Desp...
Draft order to withdraw U.S. from NAFTA under review
A draft version of an executive order to withdraw the U.S. from NAFTA is under review and could be unveiled by the end this week or early next week, news outlet Politico revealed today citing two White House officials as its sources. The head of Trump’s National Trade Council, Peter Navarro, draf...
European, Asian automakers voice against new NAFTA automotive rules
A group of foreign automakers with plants in the U.S. voiced their concern regarding a request by the Trump administration to raise the amount of local content in North American-made vehicles, Reuters reported.  In a letter sent by “Here for America” to key U.S. lawmakers, the group of compani...
Exports cap for Mexico-made cars, well above current capacity, says Guajardo
The automotive production installed in Mexico, as well as the plants that are currently under construction, would have a kind of "insurance policy" that would reduce the impact in case the US government does impose tariffs of 25% on vehicles under the rule known as Section 232, Mexican Minister of E...
Fifth round of NAFTA talks begins in Mexico City
The fifth round of NAFTA talks resumed Wednesday in Mexico City without the presence of trade ministers, after they held “substantial” discussions at an Asia-Pacific Economic Cooperation gathering in Vietnam last week, according to a joint statement.  It is the first time Chrystia Freeland, Ro...
First step of NAFTA renegotiation starts in two weeks
Commerce Secretary Wilbur Ross plans to start the formal process of renegotiating the North American Free Trade Agreement in coming weeks. "We are now in the very early stages" of having the talks to change NAFTA, he said in a joint press conference with Ildefonso Guajardo Villarreal, Mexico's econo...
Foreign Direct Investment in Mexico increases 32.5% during third quarter
Despite a feeling of uncertainty created by the NAFTA renegotiation talks, Mexico received US$ 5.7 billion of Foreign Direct Investment (FDI) in the third quarter of 2017, 32.5% more than in the same period of 2016, the Economy Ministry reported Tuesday. In the first nine months of the year, the am...
Foreign investment in the automotive sector sinks 67% during the first quarter
The uncertainty created by the renegotiation of NAFTA and the elections in Mexico caused a reduction in the Foreign Direct Investment (FDI) for the automotive industry to its lowest in the last 12 years. During the first quarter of 2018, US$639.2 million went into this sector, which meant a 67% dro...
Global automakers push back against tariffs plan by the Trump administration
Two major groups that represent global automakers in the U.S. warned the Trump administration that tariffs on imported vehicles represented a serious threat to the automotive industry, putting at risk hundreds of thousands of jobs and billions of dollars in future investments. The U.S. government i...
GM warns tariffs would lead to less US jobs, investments
On Friday, General Motors warned that U.S. tariffs on imported vehicles could lead to "a smaller GM" with fewer jobs at home, jeopardizing its ability to invest in technologies such as autonomous and electric vehicles, while isolating U.S. businesses from the global market. Last May, the Trump admi...

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