HomeNewsWorldScuttled Ford plant has Mexico fearing more under Trump

Scuttled Ford plant has Mexico fearing more under Trump

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

January 05, 2017 / 08:02 IST
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Ford Motor Company's cancellation of plans to build a USD 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 January 1 gasoline price hike, the Ford news led the front pages of Mexico's most influential newspapers, and they tied the development directly to President-elect Donald Trump.

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"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.

"The jobs created in Mexico have contributed to maintaining manufacturing jobs in the United States which otherwise would have disappeared in the face of Asian competition," the Mexico Economy Department said.