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Trump’s trade threats are “not a big deal” – Buenrostro

Mexico City. The threats of Donald Trump, the Republican candidate for the presidency of the United States, to impose new tariffs are not considered a problem for the Mexican government, and everything indicates that the relationship with our country will not change, said Raquel Buenrostro, head of the Ministry of Economy (SE).

“In the case of Mexico, we don’t see much of a problem (with the threats). Even Trump just said it a few days ago, as you know, the Treaty between Mexico, the United States and Canada (T-MEC) was the result of a negotiation between President Trump and President Andrés Manuel López Obrador,” he said.

Buenrostro’s statements come after Trump recently indicated that if he wins the presidency of the United States, he will impose tariffs on more Mexican products and also threatened to close the border with our country.

“Just last week (Trump) said he was very satisfied with the results of the treaty, that he saw that it had yielded good results and that it did not need a revision, we see that he has no interest in modifying the commercial relationship with Mexico,” Buenrostro said after participating in an event.

It is worth remembering that since the end of last year, Mexico has consolidated its position as the main commercial partner of the United States, according to official reports from the neighboring country.

Tesla’s announcements do not scare away investment

Asked about whether the announcement made by tycoon Elon Musk to stop investing in building a plant in Nuevo León until the elections in the neighboring country are over, the head of the SE considered that this will not stop the desire of other companies to come to Mexico.

He also stated that the Mexican government has no “records of investment in Tesla, they have never registered investments, they made announcements in the media but there is no official procedure in accordance with the Foreign Direct Investment (FDI) law in Mexico.”

“It doesn’t affect (the fact that they are going to cancel the investment). We have notices, historic announcements and the records have also been historic. In the first quarter we had 20 billion dollars, which is more than 50 percent of what we had last year, so the investment is going very well.

“It does not at all (stop investment in Mexico) Tesla’s market is a high-end, private and small market, and popular automotive companies or larger manufacturers continue to build a lot and advance,” added the official.


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– 2024-08-05 05:48:58

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