Mexico says it will negotiate with President Trump
by Marty Carlson
Luis Videgaray said there is “enormous uncertainty” following the election of Donald Trump as president. And with the president elect pressuring companies not to move jobs to Mexico he has stated he is willing to renegotiate with NAFTA.
In a recent interview he stated it is important to dispel this uncertainty and this process is so important. And talk should start as soon as possible.
This also is due in part to the Mexican peso being weakened by the economic outlook of late.
He stated that the government’s main concern would be how to protect jobs in Mexico and there are a lot of reasons to think the negotiation would be favorable for his country.
He is also willing to negotiate the plan to build a wall but also stated that they will not pay for the wall calling that unacceptable.
Recent years have seen Mexican manufacturing sectors namely in the auto industry have benefited greatly from NAFTA, which went into effect in 1994. But nonetheless wages have not risen much and Mexican farmers complain about massive imports of US grain and other farm products.
At least I did not hear them say that if Trump got elected they were moving to Canada.