Mexican politicians are saber rattling against the US agriculture sector, and it looks like Argentina is ready to fill the gap. In effect Mexico's agriculture minister said on Thursday he will lead a business delegation to Argentina and Brazil to explore buying yellow corn, part of a drive to lessen Mexico's U.S. dependence given uncertainty over President Donald Trump's trade policies.7 comments
The Mexican government on Wednesday vehemently denied reports that President Trump threatened to send US soldiers into Mexico during a phone call with Mexican President Enrique Peña Nieto. Such a threat “did not happen during that call,” said a government statement released on Twitter Wednesday night.
President Donald Trump and Mexico's president, Enrique Peña Nieto, had a productive and constructive call on Friday morning, according to a joint statement released by the White House today. The two presidents discussed America's trade deficit with Mexico, the importance of the friendship between the two nations, and the need to work together to stop drug trafficking and illegal guns and arms sales, the statement said.
With the conflict with Mexico escalating the White House on Thursday appeared to endorse a 20% tax on all imports to the United States, only to insist a few hours later that it was not endorsing the plan.
Mexican President Enrique Peña Nieto has cancelled next week's trip to Washington to meet US President Donald Trump. His decision comes a day after the new US president unveiled his plan to build a wall along the Mexico-US border and insisted the US would recoup the costs for the barrier from Mexico, which has strongly objected.
Banco Santander has announced plans to invest 15 billion pesos ($735 million) in Mexico over the next three years despite market uncertainty as U.S. President-elect Donald Trump’s inauguration draws nearer.
Mexican President Enrique Peña Nieto is well aware of his country's need to take a new approach at bilateral relations with the United States under the coming Republican presidency of Donald Trump. “We’re at the stage of prioritizing dialogue as the path through which we may able to establish a new agenda for bilateral relations,” Peña Nieto said in Lima at the Asia-Pacific Economic Cooperation (APEC) summit.
Central Bank governor and finance ministry are in the process of adjusting their economic policy should the Republican candidate be elected. Mexican Central Bank governor Agustín Carstens, notorious for having stated that a victory for Donald Trump would hit his country like a hurricane, admitted Thursday he is readying a contingency plan for an “adverse” election result in the United States' presidential elections.
U.S. Treasury Secretary Jacob Lew will urge his counterparts in Argentina, Brazil, Colombia and Mexico to press ahead with economic and fiscal reforms aimed at restoring or strengthening growth, a senior Treasury official said on Friday. Lew will be visiting the four largest Latin American economies this week beginning with Argentina on Monday, recognizing efforts by President Mauricio Macri to reintegrate Argentina into the global economy.
The former president of Costa Rica, Laura Chinchilla, will head the first Electoral Observation Mission that the OAS will deploy to the United States and that will observe the upcoming November 8 elections.