On the recordDecember 20, 2024
Mr. President, I am here today to discuss worrying developments in Mexico, our neighbors to the south, and to promote a solution in which we can all work together in the next Congress. Sadly, I also need to call out actions by our own U.S. trade representative that would directly undermine American companies facing threats from Mexico by allowing the Mexican government to expropriate their properties. Under the leadership of Mexico's previous President, Andres Manuel Lopez Obrador--colloquially known as ``AMLO''--and current President Claudia Sheinbaum, the Mexican government is committing a blatant theft against a major America company and, by extension, the United States itself. Earlier this year, AMLO launched an aggressive campaign of intimidation and ``lawfare'' to support the outright theft of assets in Mexico belonging to Vulcan Materials, an Alabama-based company that has been a trusted partner in our Nation's infrastructure development for decades. Vulcan built and operated the only deepwater port on the Yucatan Peninsula and has used it to supply the crushed limestone essential to infrastructure projects from Florida to California. Vulcan's operations in Mexico are not just a business venture; they form a critical link in our supply chain and a testament to the importance of American investment in Mexico. But AMLO decided that he wanted Vulcan's assets for himself.…
Source
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