Tariff crisis forces to suspend construction of autopartes plant in Puebla

Mexican exporters of autopartes started the countdown towards May 3. On that day, a tariff structure that could increase the cost of entering the United States by up to 75%, by combining three penalties: 25% under Proclamation 10908, another 25% via the International Emergency Economic Powers Act (IEEPA) and an additional 25% for containing steel or aluminum. But four days earlier, the White House took a turn. The new executive order, signed by …

Puebla, Pue. Six companies in the automotive sector, affiliated to Canacintra Puebla, have stopped their investments. The business agency said that one of them definitively cancelled the construction of an industrial warehouse that would generate 400 jobs in Puebla. Warnings It was in May that the Canacintra Puebla announced that at least six companies in the autopartes sector had stopped their expansion plans in the state due to uncertainty abo…