Citizens in Mexico have a launched a massive boycott of all American goods, including McDonald’s, Starbucks, Coca-Cola and Walmart following Trump’s executive order for the construction of the wall. Campaigns across Mexico have been launched across social media urging Mexicans to boycott all American goods and services, using the hashtags #AdiosStarbucks and #AdiosProductosGringos. CNN Money reports: Also many consumers believe boycotts will only hurt Mexicans. “The (American)companies that operate in Mexico, in reality are Mexican-owned franchises and the workers are Mexican,” said shopper Fernando Ruiz, as he walked by one of the many Starbucks shops lining streets in the capital. Tensions between the two countries rose after Trump insisted that Mexico pay for the wall and Mexican President Enrique Peña Nieto canceled a meeting with Trump over the standoff. The Trump’s administration then floated the idea of charging a 20% import tax on goods coming from Mexico — which could generate some $60 billion if you consider that the United States imported some $303 billion from its southern neighbor in 2015. But trade between Mexico and the United States is incredibly complicated. Many of the best known American companies that operate in Mexico are locally-owned franchises. And on the other hand, six [...]
The post Mexico Announce Boycott Of American Goods appeared first on Your News Wire.