Heed threats about moving to Mexico? Please. Companies such as Caterpillar, Nucor and Rexnord are sticking to their plans of moving operations south of the border. The Wall Street Journal reports that the moves to redraw supply chains can save the companies millions of dollars, especially now, with the peso in free fall.
Tighten Your Belts
President Donald Trump’s immigration policies could have serious consequences on California’s Central Valley, where agriculture is the largest industry by far and where 70% of its farmworkers are undocumented workers, reports the New York Times. California provides more of the country’s food supply than any other state.
Big Numbers
Germany posted a record-breaking trade surplus of 253 billion euros in 2016, Bloomberg reports. Exports for the country had risen 1.2% to 1.2 trillion euros, or approximately $1.3 trillion.
Sorry, Yupsters
Is Whole Foods being squeezed out of the health food market that it helped popularize? The supermarket chain reported its sixth consecutive quarter of falling same-store sales this week, the Washington Post reports. The company plans to close nine stores.
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