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Wal-Mart to invest $1.3 billion in Mexico
Toledo Blade ^ | December 7, 2016

Posted on 12/07/2016 8:45:22 PM PST by Pinkbell

MEXICO CITY — Retailer Wal-Mart de Mexico will invest $1.3 billion in logistics in Latin America's No. 2 economy, the company said today, a show of confidence in Mexico at a time of uncertainty after the election of Donald Trump.

Recently, United Technologies Corp's Carrier unit decided to keep half of the 2,100 Indiana jobs it was to shift to Mexico after President-elect Trump worked out an agreement with the company's CEO, Gregory Hayes.

A Wal-Mart Stores Inc. spokeswoman did not immediately respond to a request for comment on whether the world's largest retailer had heard from Trump after it made the announcement in Mexico.

The election has thrown Mexico's business world into uncertainty, as Trump has attacked U.S. companies investing south of the border and threatened to renegotiate or scrap a major trade agreement with Mexico . A large part of Wal-Mart's investment will be over the next three years, including in back-end infrastructure, said the company's chief executive, Guilherme Loureiro. He said it would create some 10,000 permanent new jobs.

“It will involve the building of new distribution centers, as well as the expansion of ones we already have,” he said at an event with President Enrique Pena Nieto at the president's office.

Loureiro said the company had already invested 80 billion pesos ($3.93 billion) in the past four years.

(Excerpt) Read more at toledoblade.com ...


TOPICS: Business/Economy; Mexico; News/Current Events; Politics/Elections
KEYWORDS: mexico; retail; walmart
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I saw some liberals mocking Trump on Twitter about this (and in turn his voters who liberals say shop at Walmart), but this is not about shipping U.S. jobs to Mexico. This is all about Walmart building distribution centers because Walmart has expanded into Mexico and has stores there. This has nothing to do with Trump or his policies. However, this has not stopped liberals from using this to attack Trump and his voters. Read some of these replies:

https://twitter.com/SopanDeb/status/806600338098835457

1 posted on 12/07/2016 8:45:22 PM PST by Pinkbell
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To: Pinkbell

This is excellent. Now, instead of being deported, they can just request a transfer.


2 posted on 12/07/2016 8:47:21 PM PST by VisualizeSmallerGovernment
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To: Pinkbell

I think it is smart and good business plan to expand your business into new and promising markets

Its not like they are firing all their US workers and shipping all the jobs to Mexico


3 posted on 12/07/2016 8:47:53 PM PST by arl295
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To: Pinkbell

I believe Walmart is the largest employer in the world.


4 posted on 12/07/2016 8:51:21 PM PST by alicewonders
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To: Pinkbell

Not exactly.

Trump has been attacking U.S. companies that want to move current U.S. jobs south of the border.

By investing south of the border, Walmart will be creating jobs south of the border.

The authors of these hit pieces are going to be twisting the facts to fit their narrative for the next 4 or 8 years.
5 posted on 12/07/2016 8:57:34 PM PST by TomGuy
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To: Pinkbell

We actually want these types of service sector jobs in Mexico. It will spark their economy down there.

This is how you help neighbors in a productive way.

It helps them without being destructive of our nation.

If Mexico’s economy caught fire just below the border, a lot less Mexican nationals would feel the need to come here.

Over the last few weeks, I’ve been advocating to Trump to support this sort of thing.

This is great!


6 posted on 12/07/2016 8:57:46 PM PST by DoughtyOne (jcon40, "Are we be coming into the age of Sanity?")
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To: DoughtyOne

...advocating Trump do...


7 posted on 12/07/2016 8:58:46 PM PST by DoughtyOne (jcon40, "Are we be coming into the age of Sanity?")
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To: Pinkbell

Sell Chinese stuff in Mexico instead.

Well, its a start.


8 posted on 12/07/2016 9:07:11 PM PST by PGR88
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To: Pinkbell

What Trump is against is wage arbitrage against the American manufacturing workers by exporting the manufacturing jobs to low wage countries, then importing the product to sell in America. Trump has never criticized American companies expanding and providing local jobs in other countries. Walmart is not a manufacturer. It can’t pit Mexican lower wage workers in Mexican stores against American workers in American Walmart stores. This is a non issue.


9 posted on 12/07/2016 9:07:18 PM PST by Vince Ferrer
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To: Pinkbell
Walmart is one of THE largest retailers in that country. As such, they have to aggressively build out their distribution infrastructure there.
10 posted on 12/07/2016 9:07:48 PM PST by RayChuang88 (FairTax: America's economic cure)
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To: TomGuy

You are right. As I said, there is a difference in expanding business to Mexico and shipping American jobs there.


11 posted on 12/07/2016 9:20:19 PM PST by Pinkbell
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To: Vince Ferrer

Exactly. However, just read some of the liberal responses at the link in post one.


12 posted on 12/07/2016 9:21:37 PM PST by Pinkbell
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To: Pinkbell

Yes. Walmart is spreading, not relocating. It’s fine.


13 posted on 12/07/2016 9:33:46 PM PST by A_perfect_lady
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To: Pinkbell

Not much of a difference. They can always build factories or distribution centers in foreign countries as they expand, without needing to fire workers here. But that doesn’t mean they couldn’t have done that expansion here instead of there. You’ll have no way of knowing if trucks from the Mexican center end up shipping goods to Texas and elsewhere in the U.S.

The reality is some of you central-planning types need to realize that you cannot control and plan an economy from your ivory tower. You have let it expand freely and naturally. You cannot constantly put your thumb on the scale and try to make the economy do what you “think” will benefit America. A truly free economy without artificial borders and barriers erected by nosy busybody know-it-all bureaucrats benefits everybody.

The last thing an economy needs is to make business owners wait around to get the rubber stamp of a government regulator every time they decide to make a business decision.


14 posted on 12/07/2016 9:34:32 PM PST by JediJones (We must deport all liberals until we can figure out what the hell is going on.)
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To: Vince Ferrer

“What Trump is against is wage arbitrage against the American manufacturing workers by exporting the manufacturing jobs to low wage countries, then importing the product to sell in America.”

The other part of this that doesn’t get it’s share of the discussion is the impact on the ability to purchase anything at any price once you don’t have an income. So much to say, as American job losses approach 100%, our ability to buy anything, including the cheaper stuff from foreign producers approaches zero!
And all of this is driven by business managers whose sole driver is profitability in the short term, because that’s how they get the next promotion.


15 posted on 12/07/2016 9:35:52 PM PST by vette6387
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To: vette6387

We are not all socialists now, just you.

PROFIT is what makes the world go ‘round. The profit motive is what makes an economy work. You don’t need any other motivation.

These paranoid delusions about job losses reaching 100% is utterly ridiculous. People like you would have fought the industrial revolution too and made sure we were all still milking cows and churning butter because of your insane “fears.” You’re the right’s answer to the left’s global warming paranoia.


16 posted on 12/07/2016 9:38:45 PM PST by JediJones (We must deport all liberals until we can figure out what the hell is going on.)
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To: JediJones

“PROFIT is what makes the world go ‘round. The profit motive is what makes an economy work. You don’t need any other motivation.”

Tell that to the people who have lost jobs to foreign businesses or domestic ones who have left the country. And BTW, I don’t have any insane fears. The simple fact is that our businesses have been chasing cheap labor for probably 30 years, and when they don’t ship their work off-shore, they want the country to allow them to bring it here and let the American worker train their foreign replacements. Just how does this all play our for our people?


17 posted on 12/07/2016 9:43:48 PM PST by vette6387
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To: vette6387

All we need is an ‘utterly’ VAT tax... /s


18 posted on 12/07/2016 9:45:07 PM PST by Just mythoughts (Jesus said Luke 17:32 Remember Lot's wife.)
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To: Pinkbell
Walmart owns stores called “Paiz” and “Hiper-Piaz,” in my recollection. They are a sort of rather smaller Walmart and Super Walmart. In the back of my mind, I seem to remember they were bought by Walmart from a local owner.
19 posted on 12/07/2016 9:53:09 PM PST by ConservativeMind ("Humane" = "Don't pen up pets or eat meat, but allow infanticides, abortion, and euthanasia.")
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To: Just mythoughts

“All we need is an ‘utterly’ VAT tax... /s”

Well, I’d settle for CEO’s who had some ethics and morals for starters. You certainly can’t say the guy at Carrier who told everyone their lifetime jobs had been outsourced to Mexico had any. And part of the precursor was the guy’s predecessors who capitulated to union wage demands that exceeded amounts which allowed the company to be profitable. Somewhere between a job that has a union gravy train compensation plan, and the desire to use slave labor there is a point that need to be found if we are to survive as a nation. And surely Trump knows that jawboning every company that wants to shove off isn’t a viable plan. So let’s see what he can do in the tax and regulations area for starters.


20 posted on 12/07/2016 9:53:36 PM PST by vette6387
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