Posted on 12/01/2016 5:04:29 PM PST by TigerClaws
MONTERREY, Mexico (Reuters) - U.S. President-elect Donald Trump's intervention to stop jobs at a plant in Indiana going to Mexico is typical of what happens in countries that Americans call "banana" republics, a senior Mexican state official said on Thursday.
Carrier, a unit of United Technologies Corp , said on Thursday that state officials had pledged $7 million in tax breaks to encourage the firm to keep around 1,100 jobs in Indianapolis after Trump stepped in to protect U.S. workers.
A heating and air-conditioning company, Carrier said in February it would cut some 2,100 jobs in closing two Indiana plants and move production near to the city of Monterrey in Nuevo Leon, a state bordering Texas in northern Mexico.
On the campaign trail, Trump criticized Carrier and other U.S. companies investing in Mexico as unpatriotic and threatened to impose tariffs on Mexican-made goods as part of his pledge to put "America first."
Trump's deal with Carrier created an "uncomfortable" situation for the company, and went beyond politicians' remit, Fernando Turner, economy minister for Nuevo Leon, said in an interview.
"It's not our job. It's up to companies to take their own decisions, not politicians; that's what's done in Latin American countries that they call banana (republics) in the United States," he said, laughing.
"It's not something that was done up until now in the United States. But anyway, things change."
Trump has threatened to abandon the North American Free Trade Agreement (NAFTA) between the United States, Canada and Mexico if he cannot renegotiate better terms for the U.S., arguing the agreement has hollowed out U.S. manufacturing to Mexico's benefit.
But Turner said that Mexico had not been a winner from NAFTA. The trade deal had both failed to lift Mexican economic growth and had cost the country millions of jobs, he argued.
Mexican economic growth averaged 2.6 percent in the 22 years since NAFTA took effect in 1994, compared with 2.5 percent for the far wealthier United States, according to World Bank data.
"(Trump) is sending a message to (U.S.) workers, to unions that they don't need to change, that everything is fine, that Mexico is the problem. But the problem is not Mexico," Turner added. "They're barking up the wrong tree."
Still, Turner said Trump was "intelligent" and his ambition to grow the U.S. economy would benefit Mexico if it came off.
"Trade between Mexico and the United States did not begin with NAFTA," he said.
Btw, read last week that 20% of the GDP of Mexico is from cash sent there by Mexicans (legal and illegal) living in the United States. 20%
Build that wall, Jose!
“Trump’s Carrier deal worthy of ‘banana’ republic: Mexico official”
Or so sayeth the southern neighboring banana republic.
Mark Levin said basically the same thing, sideing with Mexico:
http://therightscoop.com/mark-levin-rips-trump-carrier-comments-banana-republic/
Mark Levin is a NeverTrumper who at least manned up and told his listeners to vote for Trump.
Here’s the deal on tax incentives: Those are TAXES none of which would ever be paid had they gone to Mexico. Let them save a few million to keep the tens of millions and, most important, middle class jobs that creates your tax base.
OR do what Detroit did.
So says a “banana”.
Trump has got “politicos” the world over shaking in their boots...Way to go, Donald...
And even BEFORE he takes office....AWESOME!!!!!
I think Levin is also a little jealous that DT calls Michael Savage’s show during his campaign after Levin backed the losing man. It’s very petty, envious, and bitch-like behavior. However, I believe it all comes down to that issue.
So if 20% of the Mexican economy is remittances (our cash being sent there).
What % is from drug money? 20% at least.
Build the wall, stop remittances.
Mexico is going to tank big time. They need to kiss Trump’s ass and start building that wall. Keeps getting 10 feet higher each time...
Hola, Señor Fernando Turner!- the wall she just got bigger.
your amigos in banana republic del norte
Mark Levin is a douche-canoe with a voice made for anything but radio.
[banana republic.]
So sayeth the banana republic that exports criminals; that many of its own people try to escape.
Western Union profiting from migrants.
http://mobile.nytimes.com/2007/11/21/business/worldbusiness/21iht-western.4.8424569.html
Agree- one can never overstate the role of jealousy in motivating celebrities.
Okay, so Mexico is upset that those jobs are not going to Mexico. Whatever crazy things they say about the Carrier deal, that is the issue.
So, what is stopping Mexico from encouraging some of its own entrepreneurs to build a plant and creat jobs?
Well...first off...Mexico IS a banana Republic
Chinga Mejico!
♬Come, Mister tally man, tally me banana
Daylight come and me wan' go home...♬
mexico, fix yourself
Levin is down to only the dead Enders as listeners.
He has lost every other group including myself.
He is an angry and bitter man.
Wrong verb.
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