Mexico Searches For Equilibrium With New Administration!

https://www.washingtonpost.com/world/the_americas/top-mexican-official-warns-of-a-new-era-in-relations-with-the-us-under-trump/2017/01/09/71658602-8bed-47c4-9ebe-7bd04d5dd631_story.html

“In his speech Monday, Videgaray asserted Mexico’s importance to the United States and vowed to defend his country’s sovereignty. As examples of the benefits of trade and immigration, he cited the close relationship between auto plants in Mexico and Michigan, Mexican companies that have invested in Dallas, and the key role played by Mexican workers in the milk industry in Wisconsin.

Trump has criticized American companies for moving factory jobs to Mexico, and threatened to impose a “border tax” on firms that make products there bound for U.S. markets. Ford recently announced that it had canceled plans for a $1.6 billion plant in Hermosillo, Mexico, after Trump’s repeated criticism of Ford and other companies. The Mexican government is concerned that it will lose manufacturing jobs due to measures proposed by Trump.

“We are going to negotiate with great self-confidence; without fear, knowing the economic, social and political importance that Mexico has for the United States, and we are going to negotiate with intelligence and common sense,” Videgaray added.

He said he wanted to make it clear that “these millions of Mexicans who have emigrated to look for work are not as they have been described — criminals — but they are productive people who represent in the majority of cases the best of Mexico.”

PWS

01/09/17

Will Trump’s Populism Survive His Own Party’s Priorities? Only Time Will Tell

https://www.washingtonpost.com/news/wonk/wp/2016/11/28/trumps-populism-is-about-to-be-tested/?tid=hybrid_experimentrandom_1_na&utm_term=.4a4152d9f78e

Matt O’Brien wites in Wonkblog:

“Trump might have to decide between giving up on his populism, and giving up on getting anything done. Whichever he chooses, though, there’s a good chance that wages will continue to go up and up as the labor market gets closer and closer to full employment. The irony is that they might not rise as much, at least not for the “forgotten men” and women who pushed Trump into the White House, as they otherwise would have.

The good news for Trump, though, is there are no counterfactuals in politics.”

PWS

01/04/17