Unilever invests $ 1.5 billion in Mexico because the people are foreign companies in the middle of Trump's trade war
Unilever, a giant of British consumer goods, said on Friday that he would invest $ 1.5 billion in Mexico, which is US President Donald Trump's trade war on foreign companies.
“This investment creates 1200 new direct and indirect jobs in Mexico,” said Willem Uijen Uijen Uijen, President Claudia Sheinbaum, a Unilever supply chain and operating manager at a daily press conference.
The announcement is followed by other major investment permits invited by the company's executives who were invited to appear on the stage with Sheinbaum in the presidential palace.
“This means that they see a positive and promising future for Mexico,” said Minister of Economy Marcelo Ebrard.
In March, Walmart, a US retail giant, said he would invest more than $ 6 billion in Mexico this year, earning several thousand jobs.
E-commerce Behemoth Amazon, his regional rival Mercado Libre, streaming giant Netflix and Spain's largest bank Santander is among other foreign companies that have announced major investments.
Trump has reported a variety of tariffs aimed at the Latin -American people, and has turned to some of them.
When he left Mexico from the list of peoples standing in front of his steep mutual tariffs, its car manufacturers, as well as steel and aluminum exporters, are still responsible.
Trump wants to reduce trade deficiencies with Mexico and other countries his administration accuses the “unfair” commercial practice.
Sheinbaum talked to Trump on Thursday by phone and said he had agreed to work to improve the trade balance between the two countries.
This story was originally reflected on Fortune.com
