Disappointment in Mexico Over Ford Plant Decision

The video discusses the economic uncertainty in San Luis Potosi, Mexico, following the cancellation of a Ford plant. The plant was expected to boost the local economy significantly. Ford CEO Mark Fields emphasizes the need for fair trade agreements and corporate tax reform. The video also covers the Mexican government's concerns over potential US policies under President Trump, which could affect investments and lead to economic challenges. The reinstatement of Luis Videgaray as Mexican Foreign Minister is seen as a strategic move to manage US-Mexico relations.

What was the expected impact of the Ford plant on San Luis Potosi's economy?

• An increase in unemployment

• A decrease in GDP

• A significant economic boom

• A reduction in foreign investments

What did Mark Fields emphasize in his statement regarding trade and economic policies?

• The necessity of reducing worker wages

• The importance of free and fair trade agreements

• The benefits of increasing import tariffs

• The need for higher corporate taxes

How did Mark Fields describe Ford's relationship with administrations over the years?

• Hostile and competitive

• Non-existent

• Very good and cooperative

• Strained and difficult

What potential economic scenario is Mexico facing due to the Ford plant cancellation?

• A significant increase in GDP

• A possible recession

• A surge in foreign investments

• A decrease in unemployment

Why was Luis Videgaray reinstated as the Mexican Foreign Minister?

• To manage internal political affairs

• Because of his relationship with Jared Kushner

• Due to his expertise in economic policies

• To lead a new trade agreement with Europe