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That seems logical for Mexico to do, yet another price we had to pay for Trump's inexperience.
Didn't Trump say he is tough in negotiating with Mexico and Mexico will pay for a wall?
If US withdraws from NAFTA, China could increase trade with Mexico and Canada and encircle US.
Another one? Geez, they grow your guys around here like weeds.
"Logical for Mexico to do" for what, for why? Trump has not done anything yet, he's not even been sworn in as president yet, wake up.
Let Mexico start seizing the property of US citizens, and when they give their justification for doing so, based on nothing but rumors an assumptions of what they think Trump might sign into US law, they will look like third world jokes.
There are US Citizens that own homes, land, condos in Mexico. This would be seized(taken away from US owner with no payment and given to the Mexican government).
There are also US companies that operate non-manufacturing service sector businesses in Mexico - such as US based hotels that own and operation hotels and motels and resorts in Mexico. Hilton, Marriott, Hyatt and all the other American hotel chains have resorts in Mexico. Many of these companies are publicly traded stocks and are in people's 401Ks. If companies lose millions of dollars in assets (land, buildings, furnishings) then the stock prices would go down. This means people's 401k can be impacted.
There are US banks that have buildings in Mexico because they provide banking service to Mexico. Most US banks are publicly traded stocks.
There are US based car rental companies there with property (cars, land, buildings ) in Mexico. Car rental companies can be publicly traded stocks.
There are US based restaurants with chains in Mexico(such as McDonald's) . Their properties would be seized. MdDonald's is publicly traded. Anyone that owns that stock(either directly or via 401k or pension plan) is impacted.
Walmart and Costco have stores in Mexico. I am a Walmart stock holder. If Mexico takes Walmart property, any WMT stockholder is impacted.
Then perhaps they should take this threat seriously and start packing up.
Mexico is basically saying if the US secures it borders to stop the influx of illegal immigration, drug and sex trafficking, stops sending US jobs to Mexico (5 million jobs lots since 2000 and an 2015 trade deficit of over 50 BILLION$) and stops the ($24 BILLION$$ IN 2015 alone) remittances they will retaliate by seizing US held assets.
I say meh. I say how dare they demand we facilitate these crimes and sacrifice the economic well being of our citizen to support their corrupt government.
Honestly, whichever company built those assets in Mexico deserve this. They should think about all the hundreds of billions they saved on cheap labor over the decades while they sent America jobs overseas. Eat the losses and move on. Stuff like this is why globalism is a bad idea.
Hey all - sorry about posting messages 75 and 76 twice. Had a little computer glitch on my end. Sorry about that.
You can ask the moderator to remove one of them. Click on the red triangle in the upper right of the post. Type your request to the moderator asking them to delete the double post. Hit send. It will be gone within a couple hours.
If it's less than 2 hrs since you made the dupe post, you could choose EDIT and then next you get an option to delete that post. But the EDIT is only available for approx 2 hrs from orig post.
OP starts thread about Mexico "striking back" by blowing it's own foot off.
Not sure how many of you understand how real threats of asset seizure are taken in the corporate world and how chilling it can be for a country like Mexico's economy when are already competing with China, India etc. on the basis of cheap labor.
More likely, they will do everything in their power to make sure Donald Trump is a one-term president.
Um, which one is it because I keep hearing Trump is in the pockets of the corporations but when convenient it seems the argument is that they hate him and want him out?
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