Wednesday, January 4, 2017

Scuttled Ford plant has Mexico fearing more under Trump

News from The Associated Press: Ford Motor Co.'s cancellation of plans to build a $1.6 billion auto manufacturing plant in San Luis Potosi has sounded alarms across Mexico.

Even as the country is being rocked by rowdy nationwide protests against a Jan. 1 gasoline price hike, the Ford news led the front pages of Mexico's most influential newspapers Wednesday, and they tied the development directly to President-elect Donald Trump.

"Trump leaves Mexico without 3,600 jobs," read the headline on El Universal. "Ford's braking jolts the peso," said Reforma, referring to the Mexican currency's nearly 1 percent slump following the news.

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