Nobody wins a trade war: Thursday’s mañanera recapped

Trade wars, Mexico’s debased unemployment complaint and the president’s sensation successful music.

Claudia Sheinbaum answered a wide assortment of questions astatine her Thursday greeting property conference.

President Claudia Sheinbaum connected Thursday was up for reporters’ questions astir about anything, including her idiosyncratic euphony playlist. (Andrea Murcia/Cuartoscuro)

Here’s however she responded to 3 of them.

Nobody wins successful a commercialized war 

Referring to tariffs imposed by the United States and the retaliatory measures announced by Canada, the European Union and others, a newsman asked the president “who comes retired connected apical successful this planetary tariff war?”

“Nobody. Nobody,” Sheinbaum responded.

“The nonsubjective that the United States has acceptable retired is that the United States imports excessively overmuch and what they privation is to nutrient much successful their country,” she said.

“In the lawsuit of Mexico — I’m not going to notation to the remainder of the world, it’s up to america to speech astir Mexico — determination are a batch of studies that amusement however concern successful Mexico by a U.S. institution generates 3 times arsenic galore jobs successful the United States owed to the productive integration determination is,” Sheinbaum said.

Workers extracurricular GM’s car manufacturing works successful Silao, Guanajuato. All 3 of the U.S.’s large automakers — Ford, GM and Stellantis (formerly Chrysler) person extended manufacturing plants successful Mexico. (File photo)

“… An full car isn’t made here, but rather, 1 portion is made present and different is made there,” she said, adding that the aforesaid coproduction strategy crossed Mexico and the United States is besides utilized for the manufacture of “many different products.”

“So successful the lawsuit of Mexico and the United States, what is advisable for america is to proceed with the commercialized agreement,” Sheinbaum said successful notation to the USMCA.

“Review what has to beryllium reviewed, but vie arsenic the North American portion against the remainder of the world,” she said.

“… The productivity of U.S. companies volition diminution if they halt producing successful Mexico, if it comes to that,” Sheinbaum added.

Sheinbaum: Government’s ‘different economical model’ contributes to Mexico’s debased unemployment rate 

A newsman highlighted that Mexico has the (equal) 2nd lowest unemployment complaint among OECD countries and asked Sheinbaum however specified a concern is achieved.

“It’s portion of what we’ve been speaking astir — a antithetic economical model,” the president said.

“It has to bash with favoring the interior market, which is helped done the payment programme and the summation to the [minimum] wage,” Sheinbaum said.

“In different words, … if you gain 100 pesos [per day] you’re going to bargain little than if you gain 500 pesos. So [welfare enactment and higher wages] assistance thrust the system from below,” she said.

“And the different happening that happened successful our state was important overseas nonstop concern and besides concern from nationalist businesspeople,” Sheinbaum said.

A Mexican formation attendant heads to enactment astatine Tijuana International Airport. Mexico has 1 of the lowest unemployment rates among the OECD countries. (Chris Noyola/Cuartoscuro)

“… And the different precise important happening is that nationalist concern was reactivated. In the play of president [Andrés Manuel] López Obrador, it was the Maya Train, the interoceanic train, the [Olmeca] Refinery, the highways and h2o projects. They besides thrust backstage investment. There is simply a batch of indirect employment that is generated from nationalist concern and that is the exemplary we’re following,” she said.

While unemployment is so debased successful Mexico, the percent of workers who enactment successful the immense informal system is precise precocious — 54.5% successful the past 4th of 2024.

Presidential playlist coming soon!

What euphony does Claudia Sheinbaum perceive to?

That’s what 1 newsman tried to find retired 2 days aft the president posted a photograph to societal media that showed her wearing headphones arsenic she worked connected her forthcoming book.

“Normally to write, I perceive to relaxing euphony to get my ideas flowing,” Sheinbaum said.

“… We’ll stock the playlist soon,” she added.

Some MND readers mightiness retrieve that erstwhile president López Obrador shared a “well-being playlist” successful 2023, which we described arsenic “decidedly wholesome” and “pretty good” successful a review.

In 2024, helium shared different playlist that includes each the songs helium played during his six years of greeting property conferences, oregon mañaneras.

By Mexico News Daily main unit writer Peter Davies ([email protected])