Mexico economy minister to meet with Ford, GM in Detroit

3/2/2017 Reuters

2000px-Ford_Motor_Company_Logo.svgMexico’s economy minister will travel to Detroit on Friday to meet with executives from automakers Ford Motor Co (F.N) and General Motors Co (GM.N), keeping a frenetic pace of meetings to deter President Donald Trump from punishing Mexican exports.

Economy Minister Ildefonso Guajardo will also meet with auto parts makers that have operations in Detroit and Mexico, the ministry said. He will discuss the state of U.S.-Mexico trade and the future of the North American Free Trade Agreement (NAFTA).

Trump has vowed to exit NAFTA, the 1994 trade accord that also includes Canada, if he cannot get better terms for the United States. He has also drawn up plans to build a wall on the U.S. southern border and tax Mexican-made goods heading north to pay for it.

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