Trump and Mexico

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...
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...
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...
Here's how sales of built-in-Mexico cars performed during March in the U.S. market
Auto sales for units built in Mexico had a mixed performance over the U.S. market during March, according to figures released by each company. The following report does not necessary reflects that each vehicle from certain model was built in the Mexico. Automakers constantly mix domestic and oversea...
Here’s how sales of Mexico-made cars ended up in July across the US market
Auto sales for Mexico-made vehicles in the U.S. market were marked in July by inventory issues in the Audi Q5, which saw a two-digit decline. Also in July, VW dealerships saw the arrival of the first all-new 2018 Tiguan SUV, one of the only two built-in-Mexico models to feature a third-row seat. Suc...
Hundreds of US chambers of commerce call for update, but not to end NAFTA
In an open letter signed by 314 state and local chambers of commerce, the U.S. Chamber of Commerce urged President Donald Trump to update and improve, but not end, the 23-year-old trilateral agreement with Mexico and Canada that, they say, has contributed to US$ 1.2 trillion annually in trade. The ...
India-based tech giant Infosys looks for expansion in Mexico
India-based tech giant Infosys is looking for expansion in Mexico and for that end company officials will hold a meeting with Nuevo Leon state governor Jaime Rodriguez Calderon, who is visiting the Asian country next week. Infosys, through its fully owned subsidiary, Infosys Technologies S de RL de...
Japan automakers offer small pay hikes aware of Trump policies towards Mexico
Major Japanese companies notified their labor unions they will offer smaller pay-scale hikes than last year –the second straight yearly fall– amid uncertainty surrounding U.S. President Donald Trump's economic policies, according to The Mainichi newspaper. Prime Minister Shinzo Abe urged busine...
Kansas City Southern hits record revenues in first quarter 2017
Railroad operator Kansas City Southern reported first quarter 2017 record revenues of US$ 610 million, an increase of 8% over first quarter 2016, and adjusted diluted earnings of US$ 1.17 per share, an increase of 14% over first quarter 2016.  Overall carload volumes were 6% higher compared to fir...
Kia says its Mexican plant is well positioned to deal with NAFTA renegotiation
Kia Motors considers its assembly plant in Pesqueria, Nuevo Leon would be well-positioned to export its compact vehicles even if the upcoming renegotiation of NAFTA goes wrong. The facility started operations in May 2016 to build sedan and hatchback versions of the Forte, Rio and Hyundai Accent fami...
KIA to increase production by 40% at its Mexican plant this year
Korean automaker KIA today announced that its assembly plant in Pesqueria, Nuevo Leon, will increase production by 40% this year, as it plans to enter new markets in Central and South America, the Middle East and Africa, in order to reduce the risk of the possible exit of the United States from the ...
Kia’s Mexican sales may offer solutions to U.S. border tax
Kia Motors Corp. sales in Mexico folded by five from a year earlier in 2016, suggesting a possible solution to a proposed U.S. tax on foreign-made cars that could affect its vehicles produced in Nuevo Leon, market observers and a Korean trade agency (KOTRA) told The Korea Herald. In 2016, Kia Motor...

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