Mexico’s foreign minister Luis Videgaray said further meetings with Trump administration officials in coming days are not ruled out, according to a report Monday.
He said there is no tentative date yet for a meeting between U.S. President Donald Trump and Mexican President Enrique Pena Nieto. But, the minister said, if the peso is a gauge of relations with the U.S., last week was a good week.
The Mexican peso briefly rose about 1 percent against the U.S. dollar Monday morning after netting a gain of more than 3 percent in volatile trade last week.
Videgaray said the phone call between the two presidents helped calm tensions with the U.S., but differences remain. The minister said remittances have not been a point of discussion so far with the Trump team, while talk of making organized crime pay for a wall is a positive sign.
The foreign minister also said Mexico will keep its immigration policy the same and is not closing its doors to anyone.
Fox – Just a few days ago, Enrique Pena Nieto was a pariah president, dogged by protests and cursed with the lowest approval rating for a Mexican leader in recent history. No more, thanks to Donald Trump.
Economist -UNLIKE conventional wars, the one that has broken out between Mexico and the United States is not starting on the border. Some 178,000 people still cross over daily from Tijuana to San Diego through the busiest border post between the two countries. But the conflict that Donald Trump has provoked with Mexico is causing unease, even dread in Tijuana, a city of 1.7m people.
Reuters – Ordering a bottle of Corona beer at a bar in the United States is a simple proposition. Getting it there from its brewery in Mexico involves a complex, cross-border supply network that will likely get more complicated if U.S. president Donald Trump follows through on vows to renegotiate the North American Free Trade Agreement (NAFTA) or tax imports.
Reuters – A ban on planting genetically modified corn in Mexico is likely to continue for years as a slow-moving legal battle grinds on, said a top Monsanto executive. Last week, a Mexican court upheld a late 2013 ruling that temporarily halted even pilot plots of GMO corn following a legal challenge over its effects on the environment.
The Hill – A leading progressive think tank is warning that President Donald Trump’s “vilification” of Mexicans could scuttle the U.S.-Mexico relationship The Center for American Progress (CAP)said the U.S.-Mexico relationship is in “perhaps the best shape it has ever been. But it predicts that if Trump’s “vilification” becomes official policy, “it will harm the United States—at home, throughout the Americas, and around the globe.”
LAT – For Mexican officials and global automakers, the site of Ford Motor Co.’s now-scrapped plans to build a $1.6-billion factory in central Mexico stands as the harbinger of a clouded future. The good times of hefty profits based on cheap Mexican labor and tariff-free exports to the United States might be coming to a crashing halt.
Financial Times – Aberdeen Asset Management and Franklin Templeton Investments are among asset managers pushing Mexican authorities to overhaul two practices they say are harming investor confidence in a country that has been in global crosshairs since US president Donald Trump took office earlier this month.
NYPost – Peru and Colombia vowed to stand with Mexico as the country faces an uncertain economic future and grapples with a crisis with the United States just days into U.S. President Donald Trump’s administration.
Chicago Tribune – President Donald Trump shifted a jam-packed schedule Friday to make room for an hourlong phone call with Mexican President Enrique Pena Nieto. By the end of the conversation, Trump had tasked his son-in-law and senior adviser, Jared Kushner — a real estate executive with no national security experience — with managing the ongoing dispute.
Fox – Delta Air Lines and Aeromexico agreed to divest up to 24 slot pairs at Mexico City’s highly congested airport. The U.S. Department of Transportation will allocate 14 of these Mexico City slot pairs to low-fare airlines this year.
Washington Post – If the trade war is coming, how would Mexico fare? Mexico is not without leverage if this dispute escalates. Top economic officials have already said that Mexico would “mirror” any additional taxes or tariffs that the United States imposes. Former officials have said that Mexico could also tax corporate profits from the many American companies with operations in Mexico.
Stuff – New Zealand firm Fisher & Paykel Healthcare has started building a new manufacturing plant in Mexico at a cost of about $50 million despite concerns it could be hit by an import tax floated by U.S. President Donald Trump.
Telegraph -The mayor of Berlin has pleaded with Donald Trump not to build a wall along America’s southern border with Mexico. Michael Mueller said that such a wall would “destroy the lives of millions”.
Mother Jones – How much would a 20 percent tariff on Mexican imports cost us? There is one bit of raw data that you might as well get familiar with since it’s not going to change. Here are our top 20 imports from Mexico:
Market Watch – There are 4.9 million workers who depend on the deteriorating U.S.-Mexican relationship. That’s the conclusion of a study done late autumn by the Wilson Center’s Mexico Institute, a nonpartisan policy think tank, which published an in-depth study on economic ties between the two countries last November.