Activity in China’s real economy has improved with the business environment much better than at the same time last year, the statistics bureau says.

“Based on key indicators from January and February this year, we feel that the vitality of the real economy has been boosted, [and] its results have improved. With a further push of supply-side structural reform, there has been tangible change in the market environment and the supply-demand relationship has improved,” said National Statistics Bureau spokesperson Sheng Laiyun at a news conference in Beijing.

Data released by the statistics bureau earlier on Tuesday showed that China’s factory output rose 6.3 percent in January-February from the same period a year earlier, while fixed-asset investment grew 8.9 percent, both beating expectations, though retail sales growth eased.

Sales grew 9.5 percent in the first two months of the year, the slowest pace in nearly two years and cooling from 10.9 percent in December.

Sheng said consumption stayed flat in China, stressing the decline in growth is mainly due to a slowdown in auto sales after the government rolled back tax breaks on small cars.

The raft of upbeat data on Tuesday showing the economy got off to a strong start in 2017, supported by strong bank lending, a government infrastructure spree and a much-needed resurgence in private investment.

Solid growth is welcome news for China’s policymakers as they turn their focus to containing risks from a sharp build-up in debt ahead of a major leadership reshuffle later this year.

But economists are not sure how long the pace can be sustained as the central bank takes a tighter stance on credit and exporters brace for a surge in U.S. protectionism.

 

 
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The Congressional Budget Office is a scorekeeper suddenly in the spotlight.

Monday’s estimate of the House GOP’s health care measure gave ammunition to Democratic critics of the law, predicting that 14 million people would lose insurance next year. Republicans had been bracing for the report, with some of them attacking CBO as being inaccurate in past assessments.

 

The obscure but respected agency, established under the 1974 budget act, provides cost estimates of legislation, baseline projections of the federal budget and its components, and independent economic and deficit statistics for lawmakers.

 

It’s counterweight to the Office of Management and Budget, which is part of a Democratic or Republican White House.

 

Trump administration officials and some congressional Republicans preemptively criticized CBO ahead of its assessment of the cost and coverage in the Republican replacement to the Affordable Care Act.

 

What you need to know about the CBO:

 

Respected, not infallible 

CBO is respected for the nonpartisan rigor its 200-plus employees put into the 600 or so official cost estimates it performs each year — and the thousands of informal estimates it provides as committees draft legislation. But it’s hardly infallible, especially when considering large, complex and far-ranging legislation like the Affordable Care Act.

 

The agency’s estimates, for instance, significantly overstated the number of people who would buy insurance on state and federal exchanges under the law, in part because it thought the individual mandate and accompanying tax penalties would be more effective in forcing people to buy insurance.

 

“Predicting the effects of large policy changes is always difficult, but CBO’s predictions for the [Affordable Care Act] in 2010 were much more accurate than the predictions of many Republican opponents of the law,” said former agency chief Doug Elmendorf, who was appointed by Democrats.

 

The agency was also way off in the early 2000s when it predicted large long-term budget surpluses that eased the way for large tax cuts in the George W. Bush era.

A new sheriff in town

 

Even as Republicans attack the referee, it should be remembered that they hired the referee. CBO Director Keith Hall, a conservative economist, was selected two years ago by Republican Tom Price, then the chairman of the House Budget Committee and now the secretary of the Department of Health and Human Services.

 

Hall had been a critic of the Affordable Care Act and increasing the minimum wage. He has overseen an increase, long-sought by Republicans, in the use of “dynamic scoring” — in which the economic effects of tax changes and other policies are incorporated into CBO’s analysis. CBO, for instance, has said Obama’s health law has had a dampening effect on labor force participation and would slightly reduce growth.

 

But CBO also disagrees with those who characterize “Obamacare” as in a “death spiral” and predicts that this year’s big jumps in insurance premiums — averaging 21 percent nationwide — are actually likely to stabilize going forward with increases of 5 to 6 percent. That’s because companies have been getting better information about the demographic traits of their customers.

 

In Monday’s report, CBO said the insurance market “would probably be stable in most areas under either current law or the legislation.”

 

Where you sit determines where you stand

 

Criticism of the CBO is hardly new, but it is unusual to be coming from top officials like White House budget director Mick Mulvaney, who said Sunday on ABC’s “This Week” that “estimating the impact of a bill of this size probably isn’t the best use of [the CBO’s] time.” That remark sparked criticism from agency defenders on social media sites, where Peter Orszag, a former director of both the CBO and the Office of Management and Budget under President Barack Obama, wrote, “The former OMB and CBO director in me is speechless.”

 

But complaining about bad scores is nothing new. Democrats complained when drafting Obamacare; Republicans are carping now.

 

“For more than 40 years, we’ve produced independent analysis of budgetary and economic issues,” Hall said at a news conference in January. “The feedback I’ve always gotten is that we in general have a very strong reputation for our work. We try very, very hard to be independent and nonpartisan.”

 
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Russian lender Sberbank said Monday it was deeply concerned by protests against its Ukrainian subsidiary, which included a nationalist group walling up the entrance to one of its branches in Kyiv with masonry and cement.

Periodic protests have been held against Kremlin-owned banks operating in Ukraine since bilateral ties broke down in 2014 after Russia annexed Crimea and gave its support to the pro-Russian separatists in eastern Ukraine.

Sberbank’s announcement last Tuesday that it would heed a call from President Vladimir Putin to recognize passports issued by separatists in eastern Ukraine has fueled greater discontent.

On Monday, a few dozen members of a new activist group called National Corp blocked off the entrance to Sberbank’s main branch in central Kyiv. The branch temporarily suspended operations and appealed to the police.

“Sberbank is highly concerned about the situation in Ukraine linked to the actions of representatives of nationalist groups,” the bank said in a statement. “Our subsidiary has already appealed to law enforcement bodies and we hope that all necessary steps will be swiftly taken to ensure the safety of our workers and clients and protect property.”

It said over the past week it had recorded over 26 acts of vandalism against Sberbank Ukraine’s branches and bank machines.

Last week, the central bank said it could recommend the introduction of sanctions on Sberbank’s subsidiary for its recognition of separatists’ identity documents.

Five Russian state-owned banks are present in Ukraine, including three in the top 20, and they hold a combined market share of 8.6 percent.

The central bank has been seeking to cut that following the souring of relations between the one-time allies.

It is not yet clear how the other Kremlin-owned banks operating in Ukraine are handling Putin’s order to recognize separatist documents.
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U.S. President Donald Trump this week will unveil a budget expected to massively increase military spending while slashing other federal programs.

The proposal, set to be released Thursday, will offer the most detailed look yet at how Trump intends to move ahead with his so-called “America First” policy.

The budget will likely face significant opposition in Congress, where lawmakers are already bickering over a plan to overhaul the nation’s health care program.

Many of Trump’s fellow Republicans support his plan for a larger military; but, unlike Trump, some want to pay for it by cutting Social Security and Medicare – the two largest federal programs.

Democrats are alarmed about the entire proposal, particularly his plan to cut domestic government programs aimed at protecting the environment and helping the poor.

State Dept., foreign aid cuts

Lawmakers in both parties have also expressed concerns about Trump’s steep proposed cuts to the State Department and foreign aid budgets – a move they say will reduce U.S. influence abroad.

White House officials point out the president’s proposals are only a blueprint and that ultimately Congress must agree on a final budget, but they insist difficult decisions must be made.

“Unfortunately, we have no alternative but to reinvest in our military and make ourselves a military power once again,” White House National Economic Council Director Gary Cohn told Fox News Sunday.

“It’s no different than every other family in America that has to make the tough decisions when they need to spend money somewhere, they have to cut it from somewhere else,” Cohn said.

Defense spending

In a blueprint released last month, White House officials said Trump intends to boost the military budget by $54 billion – one of the largest ever increases in national defense spending. This week’s proposal will outline how the president intends to pay for it.

According to budget documents leaked to the media, Trump will offset the military costs with far-reaching reductions in discretionary spending — the part of the budget that pays for various federal government agencies.

Trump is reportedly considering slashing up to 25 percent of the Environmental Protection Agency budget, 30 percent of the Energy Department budget, and 37 percent of the State Department and foreign aid budget.

Reduction in federal workforce

If passed, those cuts would result in a massive reduction of the federal government workforce, which Trump and his fellow Republicans have long said is bloated and inefficient. It is not clear, however, whether Trump’s plans would actually fulfill his campaign promise to reduce the national debt.

That won’t be clear until May, when the White House releases its plans to reform the tax code and its proposals for mandatory spending, which covers existing programs like Medicare and Social Security.

Trump has said it is not politically possible to reduce spending on Medicare and Social Security – which together account for nearly 40 percent of the federal budget. He is also considering a $1 trillion infrastructure plan to upgrade the country’s roads, airports and rail lines.

According to most analysts, that means Trump will likely continue to run a budget deficit.

The federal debt is expected to grow by nearly $10 trillion over the next decade, according to a recent projection by the nonpartisan Congressional Budget Office.

 
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U.S. chipmaker Intel agreed to buy driverless technology firm Mobileye for $15.3 billion on Monday, positioning itself for a dominant role in the autonomous-driving sector after missing the market for mobile phones.

The $63.54 per share cash deal is the biggest technology takeover in Israel’s history and the largest purchase of a company solely focused on the self-driving sector.

Intel will integrate its automated driving group with Mobileye’s operations, with the combined entity being run by Mobileye Chairman Amnon Shashua from Israel.

Intel Chief Executive Brian Krzanich said the acquisition, which unites Intel’s processors with Mobileye’s computer vision, was akin to merging the “eyes of the autonomous car with the intelligent brain that actually drives the car.”

Mobileye accounts for 70 percent of the global market for driver-assistance and anti-collision systems. It employs 660 people and had adjusted net income of $173.3 million last year.

Intel said it expected the transaction to close within the next nine months and to immediately boost its non-GAAP earnings per share and free cash flow.

The price represents a premium of around 33 percent to Mobileye’s Friday closing price of $47 a share.

“It’s an area where the company (Intel) has had very little presence – the automotive market, and so this is a tremendous opportunity for them to get into a market that has significant growth opportunities,” said Betsy Van Hees, an analyst at Loop Capital Markets who has a “buy” rating on Intel shares.

“Mobileye’s technology is very critical … The price seems fair,” she added.

Because Mobileye’s Shashua will remain in charge and the combined entity will be based in Israel, analysts said they expected it to be far more difficult for rivals to mount a counter offer for Mobileye.

Shashua and two other senior Mobileye executives stand to do well by the deal: together they own nearly 7 percent of the company. Shmuel Harlap, Israel’s biggest car importer and one of Mobileye’s earliest investors, also holds a 7 percent stake.

Yossi Vardi, seen as the godfather of Israeli high-tech, said the deal was a big endorsement of the whole sector.

“I’m sure that this … will be a very important impetus to create a whole industry related to autonomous and connected vehicles (in the country),” he said.

Battle for self-control

Automakers and their suppliers have been expanding alliances in the race to develop self-driving cars, a sector that once seemed a science-fiction dream but is drawing closer to reality month after month.

Mobileye and Intel are already collaborating with German automaker BMW on a project to put a fleet of around 40 self-driving test vehicles on the road in the second half of this year.

At the same time, Mobileye has teamed up with Intel for its fifth-generation of chips that will be used in fully autonomous vehicles that are scheduled for delivery around 2021.

While Intel is known for hardware chips and Mobileye for collision detection software, their merger promises to create the most complete portfolio of technologies needed for driverless vehicles, including cameras, sensor chips, in-car networking, roadway mapping, machine learning and cloud software, as well as the data-centres needed to manage all the data involved.

Last October, Qualcomm announced a $47 billion deal to acquire the Netherlands’ NXP, the largest automotive chip supplier, putting pressure on other chipmakers seeking to make inroads into the market for autonomous driving components, including Intel, Mobileye and rival NVIDIA.

The Qualcomm-NXP deal, which will create the industry’s largest portfolio of sensors, networking and other elements vital to autonomous driving, is expected to close later in 2017, subject to regulatory and shareholder approvals.

For a dozen years, Mobileye has relied on Franco-Italian chipmaker STMicroelectronics to produce chips that the Israeli company sells to many of the world’s top automakers for its current, third-generation of driver-assistance systems.

Mobileye’s relationships with automakers, leading suppliers and STMicroelectronics will continue uninterrupted, the companies said in their statement, and Mobileye’s current product roadmap will not be affected.

Founded in 1999, Mobileye made its mission to reduce vehicle injuries and fatalities. After receiving an investment of $130 million from Goldman Sachs in 2007, it listed on the New York Stock Exchange in 2014.
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Vietnam will test U.S. President Donald Trump’s openness to one-on-one trade deals as it starts nudging Washington for an eventual agreement to replace its role in the defunct Trans Pacific Partnership (TPP).

Official media outlets in Vietnam say Prime Minister Nguyen Xuan Phuc told an American business delegation last week he was ready to visit the United States, and that he hoped to meet Trump for a discussion about trade, among other topics.

Vietnam depends heavily on factory exports, which are about 19 percent of a $200 billion economy.

“A trade agreement with the U.S., a very large market, would certainly bring some benefits, that’s clear,” said Marie Diron, senior vice president at Moody’s Investors Service in Singapore. “It would be about, kind of about anchoring these export markets with a trade agreement in place.”

Trump is not expected to prioritize free trade deals in the short term, analysts say, but he may someday consider them. Trade deals usually obligate signatories to cut tariffs on each other’s good or services.  

US companies eye Vietnam market

Nguyen may have a chance at working out a trade deal with the United States because American firms selling products such as fast food, mobile phones and even insurance want more access to Vietnam’s fast-growing middle class.

More than one-third of the country’s roughly 93 million people will be middle class or higher by 2020, according to a Boston Consulting Group study.

“You would expect the direction of goods coming from Vietnam to the U.S. picking up more sharply than the other way around,” said Rahul Bajoria, a regional economist with Barclays in Singapore.

But, he said, “it could be the case there might be some pressure from the large [American] industrial manufacturers like the aircraft manufacturers or train companies. All of them may be much more interested in exporting to Vietnam.”

The United States is Vietnam’s top export market, giving the Asian country a trade surplus last year, with exports worth $38.1 billion and imports of $8.7 billion.

But in January, imports increased 14.6 percent, pointing to a possible soft spot in Vietnam for Western brands. American names such as Apple, Dell and Starbucks are easy to find in cities such as the financial center Ho Chi Minh City.

“The U.S. could export to Vietnam, to a market that’s growing so fast, with 90 plus million people who are very brand conscious, where Western brands have a very high reputation,” said Vojislav Milenkovic, analyst with the business advisory BDG Insights in Ho Chi Minh City.

“You can see this every day on the street. You can see that people are trying to save and to buy high-quality products from the foreign countries,” he said.

But Vietnamese consumers still earn just half of their counterparts in China, Diron said. “For some companies, that could be a hurdle,” she said. China’s market is also much larger that Vietnam’s.

End of TPP

Leaders in Hanoi had hoped the TPP would give them access to the U.S. market plus 10 other countries, including Japan. Trump withdrew the United States from the TPP in January, saying it would hurt the country.

Because of the size of the U.S. economy, Trump’s withdrawal made it effectively impossible for other countries to keep the TPP alive.

Trump said shortly after taking office he could consider one-on-one free trade agreements instead of regional ones.

Japanese Prime Minister Shinzo Abe has said he is open to the idea of a bilateral trade pact with the United States, and members of the U.S. Congress advocate an agreement with Britain.

In a phone call after his election in November, Trump told Nguyen he wanted to strengthen ties with Vietnam and that he was willing to meet in the United States.

In exchange for trade favors, Trump might ask Vietnam to support the U.S. presence in the South China Sea where the United States is trying to resist Chinese maritime expansion, said Oscar Mussons, international business advisory associate with the Dezan Shira & Associates consultancy in Ho Chi Minh City.

Vietnam may need to wait out most of Trump’s current term before getting any trade deals, Bajoria cautioned.

Any deal takes time to negotiate, he said, and the U.S. government may try first to build its relations with China, the world’s number two economy after the United States. “I don’t think there’s scope for an FTA over the next 12 months,” Bajoria said.

Since Trump was elected, Vietnamese leaders afraid that the TPP would die began looking instead to other trade deals.

An agreement reached with the European Union in 2015 is due to take effect next year if it clears hurdles in the European bloc’s parliament.

China is also keen to bolster trade ties, but Vietnam hopes to avoid dependence on the long-time political rival that’s known for unloading cheap mass-produced goods in Vietnam at prices lower than what local companies can charge.
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Голова ради директорів компанії «Укрбуд» Юрій Пелих заявив, що компанія має на меті не лише закінчити зведення двох проблемних будинків на вулиці Микільсько-Слобідській на Лівому березі Києва, а й повністю реалізувати проект житлового комплексу «Сонячна Рів’єра». Про це повідомляють журналісти програми «Схеми», спільного проекту Радіо Свобода та каналу «UA:Перший».

«Плануємо будувати далі. По тих будинках, які плануються за двома першими, там нема проблем. Бо вони виходять за стометрову відстань до води, за всіма нормами», – зазначив Юрій Пелих. 

До цього мер Києва Віталій Кличко у коментарі журналістам «Схем» заявив, що потрібно знайти компроміс між забудовником та громадою. «Зносити ми не можемо, будувати також не можемо. Дуже складні речі ми повинні зараз вирішувати. Треба засклити ці будинки і не будувати більше нічого», – зазначив він.

17 лютого цього року Департамент містобудування та архітектури видав містобудівні умови для закінчення зведення двох будинків житлового комплексу «Сонячна Рів’єра», проти якого виступили місцеві мешканці та громада УГКЦ.  

Будинки потрапляють у 100-метрову прибережну захисну смугу, на якій будівництво заборонене. Більша частина території забудови, згідно з генпланом, – це зелена зона, тобто тут має бути парк. Крім цього, ця територія – пам’ятка ландшафту. 

Усі фігуранти цієї забудови раніше мали відомі будівельні бізнес-проекти із колишнім спонсором Партії регіонів – Дмитром Фірташем, який свою підтримку меру Віталію Кличку задекларував під присягою у Віденському суді.
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The risk of a steep slide in China’s economy has reduced, the head of a government research center said on Sunday, adding the country had moved through an “L-shaped” pattern of slowing to now “horizontal” growth.

China’s economy grew 6.7 percent last year, according to the government, the slowest pace in 26 years. The country met its growth target with support from record bank loans, a speculative housing boom and billions in government investment.

But as Beijing moves to cool the housing market, slow new credit and tighten its purse strings, China will have to depend more on domestic consumption and private investment.

The government last week trimmed its economic growth target to about 6.5 percent for this year. Li Wei, the director of the Development Research Center of the State Council, China’s cabinet, said many positive economic signs were emerging domestically and internationally, and the risk of a large slide in economic growth had “clearly lowered”.

China’s economic development has gone from a “downward stroke in the L-shape to the horizontal stroke,” the official Xinhua news agency said, citing Li’s comments on the sidelines of China’s annual session of parliament.

The horizontal trend points to long-term steady development, but does not eliminate the possibility of short-term fluctuations, or mean the economic transformation is complete, Li said.

“Our economy still has many difficulties to resolve, so we must prepare to respond to the emergence of possibly relatively large risks,” Li said.

Earlier on Sunday, a vice chairman of the state economic planner said China’s industrial output grew more than 6 percent in January and February, and that the survey-based unemployment rate in 31 major cities was about 5 percent for the two months.

National Development and Reform Commission (NDRC) Vice Chairman Ning Jizhe gave the approximations, which were in line with expectations for official data set to be issued on Tuesday.

Fixed asset investment growth kept pace with the final few months of last year, Ning said.

“China’s economic growth still mainly relies on domestic demand,” he said.

January and February data will be released together in a bid to smooth out seasonal factors caused by the timing of the long Lunar New Year holidays, which began in late January this year but fell in February last year.

China unexpectedly posted its first trade gap in three years in February as a construction boom pushed imports much higher than expected. That upbeat import reading reinforced the growing view that economic activity in China picked up in the first two months of the year.
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Україна до мінімуму скоротила відбір газу зі своїх ПСГ (підземних сховищ газу) і розпочала закачування палива до резервуарів. Про це свідчать дані «Укртрансгазу» за 9 і 10 березня, доступні на сайті компанії.

Так, 9 березня із ПСГ було відібрано один мільйон, а закачано 3,7 мільйона кубометрів, 10 березня – півмільйона відібрано, натомість 5 мільйонів кубометрів газу закачано.

«У сховищах більше 8 мільярдів кубометрів газу. А комфортний мінімум – 5мільярдів кубометрів. Тобто запас – 3мільярди кубометрів газу», – так прокоментував підсумок газоспоживання в опалювальному сезоні 2016/2017 років комерційний директор Національної акціонерної компанії «Нафтогаз України» Юрій Вітренко.

«І тут я не можу не пригадати, як нам восени закидали, що ми мали купити і закачати на 2,5 мільярда кубометрів більше. Тобто якщо би ми тоді послухали, то зараз би у сховищах було б 10,5 мільярда, на 5,5 мільярда більше за комфортний мінімум. Я розумію, що «запас кишені не пропалить», але додаткові 2,5 мільярда кубів газу – це біля півмільярда доларів США», – написав фахівець у Facebook.

«Тим, кому «небайдужі» інтереси «Газпрому»: вибачайте, що не дали «Газпрому» можливості продати більше газу і заробити більше грошей на цьому. У нас просто змінилися політика – «Нафтогаз» з 2014 року працює в інтересах власної країни, а не Росії», – наголосив комерційний директор «Нафтогазу» Юрій Вітренко.

Міністр енергетики Росії Олександр Новак ще 28 лютого вкотре заявив, що його країна занепокоєна низькими, за його словами, запасами газу в підземних сховищах газу України, яких, на його думку, Києву не вистачить. Україні доведеться або скорочувати споживання газу, або використовувати транзитний газ, заявив Новак в останній день зими.

Станом на початок доби 11 березня в українських ПСГ було 8 мільярдів 187,5 мільйона кубометрів газу. Це приблизно на 7 мільйонів кубометрів більше, ніж було напочатку доби 9 березня.

Від початку року запаси зменшилися на 3,8 мільярда кубометрів, а від початку опалювального сезону (13 жовтня) – майже на 6,6 мільярда кубометрів.

Україна увійшла в 2017 рік із запасами природного газу в своїх підземних сховищах в обсязі 11 мільярдів 993 мільйони кубометрів. Станом на початок опалювального сезону в ПСГ було 14 мільярдів 732 мільйони кубометрів газу.
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On Feb. 19, 2016, at a campaign rally in North Charleston, South Carolina, then-candidate Donald Trump gave a stump speech in which he railed against American jobs moving to Mexico: “We lose our jobs, we close our factories, Mexico gets all of the work,” he said. “We get nothing.” 

 

That same day a law firm in Mexico City quietly filed on behalf of his company for trademarks on his name that would authorize the Trump brand, should it choose, to set up shop in a country with which he has sparred over trade, migration and the planned border wall. 

 

The Trump trademarks have now been granted by the Mexican Institute of Industrial Property (IMPI). Records show the last three were approved February 21, just more than a month after Trump took office, and a fourth was granted October 6, about a month before the U.S. election.

Recent trademark approvals

 

Trump’s company has notched several trademark wins recently. The Associated Press reported Wednesday that the Chinese government recently granted preliminary approval for 38 trademarks to Trump and a related company. 

That sparked outrage from some Democratic senators and critics, who have been pushing Trump to sever financial ties with his global businesses to avoid potential violations of the emoluments clause of the U.S. Constitution, which bars federal officials from accepting anything of value from foreign governments unless approved by Congress.

 

The Mexican trademarks cover a broad range of business operations that can roughly be broken down into construction; construction materials; hotels, hospitality and tourism; and real estate, financial services and insurance. They are all valid through 2026.

 

The same four trademarks were previously held in the name of Donald J. Trump and expired in 2015, a year before the new applications. The new approvals list the trademark owner as the company DTTM Operations LLC, with an address in the Trump Tower on Fifth Avenue in New York.

No new deals abroad

 

As president, Trump has handed management of his business to his two adult sons and vowed to strike no new deals abroad while he is in office. However critics say questions remain about possible conflicts of interest, noting that foreigners could still seek to influence Trump by helping his existing foreign operations or by easing the way for future ones after he leaves the Oval Office.

 

Trump Organization General Counsel Alan Garten said the Mexican government’s decision was not a special favor to the president.

 

“We’re not being granted anything we didn’t have before,” he said. The original trademarks came “years before (Trump) even announced his candidacy.”

 

Garten said the Mexican trademarks originally had two purposes: laying the ground for possible new ventures and keeping other people from using Trump’s name for their own businesses. 

 

He said the trademarks are wholly defensive now.

 

“Circumstances have changed,” Garten said. “He’s been elected and we agreed not to do foreign deals.”

Ethical gray area 

Richard Painter, the chief White House ethics lawyer under George W. Bush, said the Mexican grants are in an ethical gray area: defensive in nature now, perhaps, but setting the president up to profit when he leaves office.

 

“To what extent is this appropriate? I don’t know,” Painter said. “We never had Obama running around the world locking up his name, or Bush.”

 

Intellectual property lawyer Enrique Alberto Diaz Mucharraz is listed on the trademark filings. A junior partner at the Mexico City law firm Goodrich Riquelme y Asociados, he declined to comment citing client confidentiality rules. Phones rang unanswered at the public relations office of IMPI, and there was no response to an emailed request for comment on a list of questions. 

 

Trademarks can prove enormously valuable to companies, especially in countries with a growing number of middle class consumers who recognize the brand, said Ashwinpaul C. Sondhi of A.C. Sondhi & Associates, an investment consultancy in Safety Harbor, Florida.

Why do business in Mexico?

 

Mexican political analyst Alejandro Hope said IMPI is generally considered to be apolitical and the trademark concession was most likely a technical decision. 

 

More remarkable, Hope said, was that the application was filed during a heated campaign when “he had already started using Mexico as a pinata” for political purposes. 

 

“What I find striking is that these guys were thinking about doing business in Mexico while they were trashing Mexico on the campaign trail,” Hope added.

Spotty business record

 

Last decade he and his children aggressively promoted a luxury hotel and condo development with the Trump name on it that was planned for the northern Baja California coast, near Tijuana. In December 2006, 188 units were sold for $122 million during an event at a hotel in San Diego. 

 

But the Trump Ocean Resort Baja Mexico project collapsed, and dozens of buyers who had lost their 30 percent deposits sued in March 2009. Trump settled out of court in November 2013 for an undisclosed sum; in a separate settlement the previous year, developer Irongate, which had licensed the Trump name, agreed to pay the buyers $7.25 million. 

 

On the Caribbean island of Cozumel, near Cancun, Trump tried in 2007 to purchase land for a luxury resort complete with an airstrip and golf course, according to Mexican media reports. It met with local and environmental opposition, and never went anywhere. 

Unpopular in Mexico

 

In all, Trump controls at least 20 trademarks in Mexico, including for Trump Ocean Resort and Trump Isla Cozumel. Others cover activities such as concierge and spa services, alcoholic beverages, golf club operations and home furnishings. For clothing, there’s the Donald J. Trump Signature Collection. 

 

If there are plans to take the Trump brand to Mexico, it could be tough going because of widespread popular anger toward the president for his comments disparaging Mexican immigrants who come to the United States illegally, his threats to tear up the North American Free Trade Agreement and his vows to make Mexico pay for the border wall. 

 

Hope said that if a Trump hotel were in the cards, its prospects could depend a lot on location. 

 

“In Mexico City, I guess they would face a lot of political backlash at this point,” Hope said. Maybe it would fly in more politically insulated areas, like the beach resorts of Cancun or Los Cabos. “But even that would be a hard sell.” 
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