Biden admin concerned about Mexican military seizure of American company's property, warns of trade impacts

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Biden admin concerned about Mexican military seizure of American company's property, warns of trade impacts
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A State Department spokesperson said they are concerned over the seizure of an American company's property in Mexico by the military and warned of the impacts it could have on trade.

Exclusive security footage provided by Vulcan Materials appears to show the Mexican military and police seizing the American company's operations in Quintana Roo, Mexico.

, and suggested the situation could lead to negative impacts on the ability of the country to do business.-based company and the largest producer of construction aggregates in the U.S., members of the Mexican navy, local state police, along with federal investigators, entered the quarry just south of Playa del Carmen in Mexico's Quintana Roo state in the early morning hours of March 14 and has remained since.

US President Joe Biden shakes hands with his Mexican counterpart Andres Manuel Lopez Obrador during a welcome ceremony at Palacio Nacional in Mexico City, on January 9, 2023.said the administration was concerned about the treatment of American companies in Mexico, and that they speak regularly with Mexican officials about the expectation that they are treated fairly and in accordance with trade obligations.

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