Independent – Pope Francis has issued a thinly veiled rebuke of Donald Trump’s cornerstone policy to build a wall along the border with Mexico. The pontiff did not refer to the US President by name or directly mention his plan to build a fence along the border but instead emphasised the need to forge bridges rather than walls.
By Andrew Tangel / Wall Street Journal
President Donald Trump boosted the hopes of employees at Rexnord Corp.’s factory in Indianapolis in December when he castigated the company for “viciously firing” workers and planning to move their jobs to Mexico.
Two months later, Rexnord is still planning to close the industrial-bearings factory, which employs about 350 people, despite Trump’s shaming and his earlier intervention to stop a nearby Carrier Corp. furnace factory from closing.
Rexnord says moving the plant to Mexico is part of a plan to save $30 million annually.
Executives at Peoria, Ill.-based Caterpillar are moving ahead with a restructuring that includes shifting jobs from a Joliet, Ill., factory to Monterrey, Mexico.
Charlotte, N.C.-based Nucor is moving forward with Japan’s JFE Steel to build a new plant in Mexico to make steel for car makers.
The continuing investments abroad underscore the scale of the economic forces that confront President Trump’s plans to persuade U.S. firms to stop moving operations — and jobs — to Mexico.
Crux Now – A growing number of migrants escaping the dangerous gangs in the Northern Triangle countries of El Salvador, Honduras and Guatemala choose to seek refugee status in Mexico rather than try and cross the border to the United States, according to Catholic run migrant shelters.
NPR – Sam Polinsky, a 27-year-old wrestler from Pittsburgh, came to Mexico’s lucha libra and branded himself as Sam Adonis, “El Rudo de las Chicas” or the “Ladies’ Bad Guy.” Then he decided to sport a 4-ft. flag with the face of Donald Trump on it.
NYT – President Trump’s executive order to begin the construction of a wall between the United States and Mexico has left many wondering what it will mean for them and the future.
The Hill – House Democrats are moving to strengthen U.S.-Mexico ties amid tensions between President Trump and his Mexican counterpart. Reps. Eliot Engel (N.Y.), Albio Sires (N.J.) and Joaquin Castro (Texas) introduced a resolution “reaffirming a strong commitment” between the two nations.
WSJ – General Motors Co. reported another record profit in its core North American market last year, but a key driver of its performance in the region is vulnerable to the Trump administration’s proposed crackdown on imports. About 20% of the company’s highly profitable light trucks are built in Mexican factories.
AV Club – Last month, Conan O’Brien announced on his Conan show that he would be going to Mexico in March for a special Mexico-centric episode. O’Brien announced two of the guests: Rogue One‘s Diego Luna and former President Of Mexico Vicente Fox.
AP – Puerto Rico won the Caribbean Series for the first time since 2000 with a 1-0 victory over Mexico in 10 innings Tuesday night.
Daily Beast – Donald Trump keeps talking about the threat from the U.S.-Mexico border. But he may be looking in the wrong direction. FBI reports reviewed by The Daily Beast reveal that far more suspected terrorists try to enter the country from the northern border with Canada than from the south.
Reuters – The leaders of Brazil and Argentina said on Tuesday they would pursue closer ties with Mexico and other Latin American nations alarmed by U.S. President Donald Trump’s promises to tear apart trade deals and build a wall to protect American jobs.
Fox News – Officials in the western Mexican state of Sinaloa say five suspects and one marine have died in an early morning clash. Heavily armed men traveling in several vehicles attacked marines on patrol in Culiacan. The gunfight occurred around 3:40 a.m.
Globe and Mail – With Donald Trump occupying the Oval Office, Canadians are carefully considering the geopolitical landscape before laying out their purchase plans and Mexico is benefiting. The peso has dropped some 15 per cent against the greenback since Mr. Trump’s victory in November while the Canadian dollar has strengthened. Although most Mexican properties in the desired oceanfront areas are priced in U.S. dollars, local real estate experts still contend it is an affordable market for Canadian investors.
FT – A South American farming company backed by investors including George Soros aims to sell grain to Mexico as it capitalizes on the country’s deteriorating trade relations with the US since Donald Trump’s arrival as president.
Travel Weekly – Travel agents say that some clients are concerned about going to Mexico due to tension between the U.S. and Mexican governments, but Apple Leisure Group — a top company in Mexico leisure travel — assures that Mexicans will continue to warmly welcome Americans.
PV – Contracts have been signed for 1.8 GW of solar in Mexico, including one contract at a price of $26.99/MW by Fotowatio. The median price for solar in this auction was around $31.70/MW.
News18 – Mexico City’s first constitution was officially published on Sunday, a move that authorities called historic and which is a significant step towards transforming the national capital into this country’s 32nd state.
DW – A human rights activist has been killed in northern Mexico, only two weeks after another activist from the Tarahumara indigenous group was killed. Amnesty International and the EU have lamented the deaths.
By Juan Montes / Wall Street Journal
Mexico’s government kept gasoline prices unchanged Friday after a big jump in prices in early January prompted protests, riots and looting across the country.
The decision to leave prices unchanged in the first weeks of February followed a slight decline in international oil prices and an appreciation of the peso in recent weeks. A senior official at the Finance Ministry said no subsidies or tax breaks will be needed to keep prices unchanged.
But the move also had political implications, analysts said. A second jump in gasoline prices could have reignited protests at a moment when President Enrique Peña Nieto is enjoying broad support after canceling last week his planned visit to the U.S. to meet President Donald Trump, who is widely unpopular in Mexico.
Hurriyet -Turkey’s flag carrier Turkish Airlines is planning to launch direct flights to Mexico City in a move to improve access and relations between Mexico and Turkey, Turkish Foreign Minister Mevlut Çavuşoğlu said.