British consumption giant Unilever said on Friday that it will invest $ 1.5 billion in Mexico, which attracts foreign companies against US President Donald Trump’s trade war.
“This investment will create 1,200 new and indirect new jobs in Mexico,” William Yigen, chief supply and operations chain in UNILIVER, told the Presidential Conference at President Claudia Shinbom.
This announcement follows other pledges of major investment by the company’s executives invited to appear on the stage with Sheinbaum in the presidential palace.
“This means that they see a promising positive future for Mexico,” said Economy Minister Marcelo Eporard.
In March, the US retail giant Wall Mart said he would invest more than $ 6 billion in Mexico this year, generating several thousand jobs.
Among other foreign companies that have announced large investments from other foreign companies that have announced large investments from other foreign companies that have announced investments that are considered Netflix, the largest bank in Spain and the largest bank in Spain, among the regional companies that the Islamic trade competition is among the electronic companies is among the teams and the team from receipt is that
Trump has announced many customs tariffs targeting, and retracted some of them.
While Mexico left the list of nations facing a very slope “mutual tariff”, car makers as well as steel and aluminum exporters are still facing duties.
Trump wants to reduce the trade deficit with Mexico and other countries accusing his management of “unfair” commercial practices.
Shinbom spoke with Trump on the phone on Thursday and said she agreed to work to improve the trade balance between the two countries.
This story was originally shown on Fortune.com
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