Major Corporation To Invest BILLIONS In Mexico

Walmart said Thursday it would invest over $6 billion in Mexico this year, despite the threat of U.S. tariffs.

Ignacio Caride, the company’s head in Mexico, appeared at Mexican President Claudia Sheinbaum’s morning news conference.

According to AFP, new store openings would generate approximately 5,500 jobs in the country.

“Walmart arrived in Mexico more than 65 years ago, and we will be here for the next 30, 60, or 90 years,” he said, according to AFP.

Walmart is moving forward with a $6 billion investment in Mexico, defying Trump’s tariff threats.

Follow: @AFpost pic.twitter.com/cdYp7jFRz3

— AF Post (@AFpost) March 27, 2025

WATCH:

#EnLaMañanera | “Walmart llegó a #México hace 65 años y aquí estaremos los próximos 30, 60 o 90 años”: la multinacional estadounidense invertirá 6 mil mdd en el país como parte del #PlanMéxico: crearán nuevas tiendas, 2 centros de distribución y generará 5 mil empleos directos pic.twitter.com/SnB7BvrSsR

— El Financiero (@ElFinanciero_Mx) March 27, 2025

Per AFP:

Seeking to ease concerns about the outlook for the Mexican economy in the face of Trump’s tariff threats, Sheinbaum has invited several company executives to appear alongside her to present their investment plans.

E-commerce behemoth Amazon, its regional rival Mercado Libre, streaming giant Netflix and Spain’s biggest bank Santander are among the foreign firms that have announced major investments in recent months.

Speaking a day after Trump announced a 25 percent tariff on all cars that are not made in the United States, Sheinbaum said that the duties were contrary to a North American free trade deal.

“Of course, there should be no tariffs within the United States-Mexico-Canada trade agreement. That is the essence of the trade agreement,” she said.

Sheinbaum has repeatedly expressed optimism that US tariffs on Mexican goods can be averted, and Trump has twice granted Mexico tariff relief, which is due to expire in early April.

Wal-Mart de Mexico, the local unit of the US retail giant, plans to invest $6 billion this year in its Mexico operations to add more locations https://t.co/Cg33ODH4d3

— Bloomberg (@business) March 27, 2025

Walmart to invest billions in Mexico despite US tariff threathttps://t.co/opH7isydUr

— Insider Paper (@TheInsiderPaper) March 27, 2025

Reuters reports:

The funds will go toward opening new stores and to continue construction on two distribution centers, according to the firm.

Mexico City-listed shares climbed more than 2% on the announcement.

Speaking virtually from Mexican President Claudia Sheinbaum’s daily press conference, Walmex Chief Executive Officer Ignacio Caride said the investment would create 5,500 direct jobs.

Walmex, which operates Walmart and Sam’s Club stores in Mexico as well as low-cost supermarket chain Bodega Aurrera, is one of the nation’s largest private employers.

The group had earmarked just around $2 billion in spending for 2024.

Walmex executives will host an investor’s day later on Thursday in which they will give more detail on planned spending.

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