Rhiannon Bury — Ford cancels plans for Mexican plant as Trump blasts General Motors

Global car giant Ford has cancelled plans to build a new $1.6bn plant in Mexico and will instead invest $700m in a Michigan manufacturing base, just hours after president elect Donald Trump blasted rival General Motors for building some of its cars south of the border.

Mr Trump had used Ford as a whipping boy during his presidential campaign, suggesting that it was moving manufacturing jobs to Mexico which should have been for US workers and vowed to slap a 35pc tariff on Ford vehicles made in Mexico but sold in the US....

The Telegraph
Ford cancels plans for Mexican plant as Trump blasts General Motors

Rhiannon Bury

Nick Edmonds — The Net Internation Investment Position and the Trade Balance

 

Paul Krugman oversimplifies the actual situation by assuming cet. par. when all things other than the independent variable almost never remain the same in the real world. It's the same kind of pseudo-argument about the future as debt and deficit hysteria based on "unfunded obligations" coming due in the future, along with eventual runaway interest on debt.

Reflections on Monetary Economics
The Net Internation Investment Position and the Trade Balance

Nick Edmonds