14:31 GMT +324 June 2018
Listen Live
    A Mexican flag flutters at the Zocalo square in Mexico City, on April 29, 2009. The World Health Organisation raised its flu alert to phase five out of six, WHO chief Margaret Chan said, signalling that a pandemic was imminent following the swine flu outbreak.

    Mexico Rejects Attempts to Affect Investments Through Intimidation

    © AFP 2018 / Luis Acosta
    Latin America
    Get short URL

    Mexico’s Secretariat of Economy has slammed any attempts to use threats to influence company investment decisions.

    MOSCOW (Sputnik) – On Thursday, US president-elect Donald Trump said in a Twitter message that automobile manufacturer Toyota would pay a substantial border tax unless it changes its current plans to build a new plant in Mexico.

    On Friday, Mexico’s Secretariat of Economy rejected any attempts to influence through intimidation company decisions, stressing that Mexico is interested in transforming North America "into a geographical area that is the most attractive for investments."

    During his campaign, Trump frequently told supporters he would institute a 35 percent tax on US companies who made their products outside the United States and then tried to import them back into the country to sell.

    Never miss a story again — sign up to our Telegram channel and we'll keep you up to speed!


    Trump Effect? Ford Cancels Plans for New Plant in Mexico, Saves 3,500 US Jobs
    US Offers Over 48Mln Acres in Gulf of Mexico for Offshore Drilling
    Fitch Revises Outlook for Mexico From Stable to Negative After Trump's Win
    investment, Ford, Donald Trump, Mexico
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment