Yet Another Roadblock Placed to Slow President Trump's America First Policy

[hm1996]

Just one more example of Biden's actions/or inaction designed to obstruct President Trump's efforts to MAGA.
AMLO seizes U.S.-owned port in final week as Mexico’s leader

Bloomberg News reported in July that AMLO, as the outgoing president is known, was moving toward the protection designation. Last year, Vulcan sought the Biden administration’s intervention against what it saw as the threat of a government takeover of the Mayan Riviera property.

Sen. Britt demands action after Mexico seizes Vulcan’s deep-water port

 

[bohunr]

touchy situation. that property is in Mexico !

 

[hm1996]

touchy situation. that property is in Mexico !

But the property is owned and has been operated (under NAFTA treaty) by Vulcan....

“For more than 30 years, Vulcan Materials Company has operated a limestone quarry in Mexico that has created good jobs both in Mexico and in Alabama,” Tuberville said. “Yet time and again, President López Obrador and the Mexican government have undermined Vulcan’s ability to operate in Mexico. Last year, I urged President Biden to confront President López Obrador about the Mexican government’s aggression toward Vulcan Materials. As usual, President Biden buried his head in the sand.

Why did Mexico seize a Vulcan Materials terminal?

The Mexican government says a Vulcan quarry had ceased to operate in line with environmental impact license requirements.

www.al.com

Published Apr 26, 2022
Vulcan Materials finally received a customs permit last month for its deep-water port at Punta Venado in Playa del Carmen, Quintana Roo, Mexico.

The permit was issued after Mexico delayed it earlier this year, the company says. Vulcan chairman and CEO Tom Hill says the permit had historically been issued every three years.

“We are making progress in our discussions with the government of Mexico,” Hill says.

In discussions between Vulcan and senior Mexican officials, Vulcan says it articulated its openness to supply construction materials for construction of the Mayan Train and other infrastructure projects. Vulcan will also make port capacity available for the transfer of train-related construction materials.

Additionally, Vulcan says it is open to adapting its mine plan for the development and construction of a large-scale ecotourism project – suggested by the Mexican government – on land owned by the company, as long as Vulcan can continue to supply its customers. Development could begin immediately on certain areas of Vulcan land where reserves were already depleted.
What’s next for Vulcan Materials in Mexico | Pit & Quarry

Vulcan is also prepared to explore an expansion of the Punta Venado maritime terminal to receive passenger, freight and naval vessels in the coming years.

Just another example of Mexico nationalizing foreign owned businesses built and operated in Mexico.