In blow to Trump, GE backs Mexico on Nafta

General Electric  praised Mexico as a big part of its future and said the company is "very supportive" of Nafta, that U.S President Donald Trump has threatened to ditch.

GE chief executive 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.

Source: Reuters