After Ford cites Trump policies in their decision to cancel Mexican Ford Plant and invest that money in Michigan, Peso stumbles as Mexico in uproar...
MEXICO CITY (AP) -- Ford Motor Company's cancellation of plans to build a $1.6 billion auto manufacturing plant in San Luis Potosi has sounded alarms throughout 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 on 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.
NOt long ago, lefties were telling me that Trump was considered a joke by other leaders, including Mexico.
I told them that people who have built their economies around taking advantage of our stupidity, were shaking in their boots.
THey dismissed my point.
NOw we see it starting, just as I said.