Siemens has signed a cooperation agreement to expand investments across numerous enterprises in Mexico. As Ciara Lee reports, the German industrial group hasn’t been put off by Trump’s plans to build walls and impose border taxes.
The company wants to expand investments in areas including smart cities and digitalisation
As well as sustainability and electricity in the Latin American country.
“We are committed to help Mexico in building its energy and infrastructure, we area committed to help Mexico in build out, an advanced manufacturing system because Mexico is one of the powerhouses of manufacturing in the world.”
But the powerhouse is under pressure.
“As a German if you hear about building walls, this is more than just a political debate for us because we experienced that for a long time and also have seen the wall come, we have seen the wall go, so we’re very sensitive about separating communities and people by physical impact.”
Trump has also threatened to scuttle the North American Free Trade Agreement, which includes Canada, if he cannot reshape it to benefit U.S. interests.
And that raises the risk of a major economic shock for Mexico.