![Mexico names new ambassador to the United States](https://www.eluniversal.com.mx/resizer/v2/VDNLBRIGP5HJXD2JDHR6QGMOGE.jpg?auth=&smart=true&width=370&height=267)
The head of the North American Development Bank, Gerónimo Gutiérrez, will be Mexico's new ambassador in Washington
The head of the North American Development Bank, Gerónimo Gutiérrez, will be Mexico's new ambassador in Washington
Trump has threatened to tear up a trade agreement that underpins Mexico's economic model if he cannot renegotiate its terms in his favor, battering the peso currency
"The jobs created in Mexico have contributed to maintaining manufacturing jobs in the United States which otherwise would have disappeared in the face of Asian competition," the Mexico Economy Department has said.
About 14,000 tractor-trailers cross the border daily in Laredo, the nation's busiest inland port.
"We have estimated that if NAFTA were eliminated in its totality the GDP fall could be around 2.7 percent," said U.N. executive secretary Alicia Barcena.
Claudia Ruiz Massieu met with several members of congress, including Speaker Paul Ryan, and U.S. National Security Advisor Susan Rice, in an effort to promote U.S.-Mexico relations.
Mexico has been exploring ways to lessen its dependence on the US out of fear that access to its No. 1 trade partner will be restricted by policies under Trump.
During a two-day meeting in Mexico City, the executives agreed to share data on trade, including the geographic areas where exports and imports have generated jobs
Trump said during the campaign that he'd impose tariffs of 35 percent on Mexican imports and 45 percent on Chinese imports to protect American jobs from unfair foreign competition.
"We're not really worried because tax incentives are just a one time kind of thing," responded ProMéxico's CEO to Trump's recent Carrier and Ford deals.