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Judi Lynn

(160,450 posts)
Wed Jan 18, 2017, 07:55 PM Jan 2017

Trump's strategy on Mexico could be 'dagger at Ohio'

Source: Associated Press


Pan Pylas, Associated Press Updated 12:24 pm, Wednesday, January 18, 2017


DAVOS, Switzerland (AP) — President-elect Donald Trump's threats to firms using Mexico as a manufacturing base will be counterproductive and could eventually cost thousands of American jobs, Lawrence Summers, the former U.S. Treasury Secretary, warned Wednesday.

Summers noted that Trump's "rhetoric and announced policies" over Mexico have led to a big fall in the value of the Mexican peso against the dollar.

The peso has fallen almost 20 percent against the dollar to a record low since Trump's victory in November. That makes it even cheaper to invest in Mexico and export goods from there.

"That decline in the peso is a dagger at Ohio; it is a major change in the relative attractiveness of locating production activity in Mexico versus locating it in the American heartland," Summers told a panel at the World Economic Forum in Davos, Switzerland.

Read more: http://www.chron.com/news/world/article/Trump-s-populism-won-t-work-says-former-Treasury-10864820.php

8 replies = new reply since forum marked as read
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Trump's strategy on Mexico could be 'dagger at Ohio' (Original Post) Judi Lynn Jan 2017 OP
bhhheaaaaaaaaaaanahahaahhhahahahha trumps STRATEGY.......nt pbmus Jan 2017 #1
And GM lays off 2000 Wellstone ruled Jan 2017 #2
How come Trump and his daughter Ivanka have their clothes lines made overseas Angry Dragon Jan 2017 #3
A Trump Clothes Burning bucolic_frolic Jan 2017 #4
Might be a small fire since most people cant afford their overpriced but cheaply made shit. nt cstanleytech Jan 2017 #5
good idea Angry Dragon Jan 2017 #7
It wasn't my idea, was the guy above me bucolic_frolic Jan 2017 #8
The strength of the dollar works against exporters too TexasBushwhacker Jan 2017 #6
 

Wellstone ruled

(34,661 posts)
2. And GM lays off 2000
Wed Jan 18, 2017, 07:59 PM
Jan 2017

workers in the next few weeks. Dumb Donnie and friends at work once again. BTW,the main hit is a Plant in Ohio.

Angry Dragon

(36,693 posts)
3. How come Trump and his daughter Ivanka have their clothes lines made overseas
Wed Jan 18, 2017, 07:59 PM
Jan 2017

How come he never brings that up
perhaps a 300% tariff on these clothes
or burn all Trump clothes

bucolic_frolic

(43,062 posts)
8. It wasn't my idea, was the guy above me
Thu Jan 19, 2017, 03:06 PM
Jan 2017

but every protest rally, a bonfire ... shirts, books, whatever else was made

Start scouring your local thrift stores for appropriate items.

TexasBushwhacker

(20,146 posts)
6. The strength of the dollar works against exporters too
Wed Jan 18, 2017, 09:14 PM
Jan 2017

It would be awful for the rest of us, but the thing that would actually bring manufacturing jobs back to the US (or keep them here) is for the dollar to weaken. Being the primary exchange currency keeps the value of our dollars artificially high.

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