No. of Recommendations: 4
GM, Ford, and Stellantis are all down significantly today as all have factories in Mexico.
There was a nice measured reply from Mexico's President Sheinbaum:
“President Trump, neither threats nor tariffs will solve the issue of migration or drug consumption in the United States,” Sheinbaum said. “Cooperation and shared understanding are required to face these important challenges.”
“I believe that dialogue is the best way to reach understanding, peace and prosperity in our nations,” she said. “I hope that our teams can meet soon.”
“For example, some of the largest exporters from Mexico to the United States are General Motors, Stellantis and Ford Motor Company, which arrived in Mexico 80 years ago,” Sheinbaum said. “Why impose a tax that puts them at risk? It’s unacceptable and would cause inflation and job losses in Mexico and the United States.”