In blow to Trump, GE backs NAFTA and voices support for Mexico

[Judi Lynn]

Source: Reuters

Sat May 13, 2017 | 12:08am BST


By Dave Graham | MONTERREY, MEXICO


General Electric (GE.N) on Friday praised Mexico as a big part of its future and said the company is "very supportive" of the North American Free Trade Agreement (NAFTA) that U.S President Donald Trump has threatened to ditch.

GE Chief Executive Officer Jeff Immelt said on a visit that Mexico had great potential and was not properly understood. He touted the conglomerate's Mexican operations and the trade deal binding Mexico, Canada and the United States.

"GE as a company, we're very supportive of NAFTA," Immelt told employees at an event to mark the expansion of operations in the northern city of Monterrey. He said the trade accord could be modernized, as Mexico has argued.

Immelt sits on a Trump-appointed manufacturing council that Mexico has targeted for lobbying as Mexico and Canada push U.S. business leaders to defend NAFTA.


Read more: http://uk.reuters.com/article/us-usa-trade-mexico-ge-idUKKBN18829I

[Honeycombe8]

1. News Flash: Trump's not so anti-NAFTA, anymore.

Shocker, isn't it?

Another fake promise he made, to repeal NAFTA. But he has made some grunts that he might tweak it.

As for GE, no matter. Trump's going to see to it that GE gets a BIG FAT TAX CUT, no matter what it does. And to top it off, a YUGE repatriation package so GE can bring its billions offshore back home & pay almost no taxes on it! Happy Birthday, GE!

Oh, BTW, several years ago it was reported that GE paid ZERO income taxes.