Walmart to invest more than $6 bn in Mexico despite US tariff threat

US retail giant Walmart announced a plan to invest more than $6 billion in Mexico this year, despite President Donald Trump's threatened tariffs. 

Appearing at President Claudia Sheinbaum's morning news conference via video link, the company's Mexico head said that new store openings will generate around 5,500 jobs in the Latin American nation. 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.