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ECONOMY > Trade

Japanese firms concerned about election of leftist leader in Mexico

  • July 3, 2018
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  • JMH Summary

All papers reported on the landslide victory of Lopez Obrador in Sunday’s presidential race in Mexico, noting that since the leftist politician has made clear he will take a confrontational stance toward President Trump’s hardline policies on trade and immigration, Japanese companies that operate factories there are worried that their businesses may be hit hard by anticipated friction between the U.S. and Mexico over NAFTA renegotiations and bilateral disputes. Since nearly 700,000 Japanese cars assembled in Mexico are exported to the U.S. each year, Asahi said Japanese auto execs are bracing for the NAFTA talks. Chief Cabinet Secretary Suga commented on the Mexican election results by saying: “We will be carefully watching the incoming administration’s economic and trade policies.”

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