US EditionUncertainty over T-Mec’s ‘Brake’ Car Production in Mexico: Fall 6% in September
4 Articles
4 Articles
The production of new light vehicles in September recorded a drop of 6 percent in September, with a total of 355,525 cars manufactured.In September 2024, the cars in Mexico assembled 23,58 units more than what was registered this year.The result is in the midst of the uncertainty generated by the upcoming revision of the Trade Agreement between Mexico, the United States and Canada (T-MEC).President Donald Trump, who is planning to ask for a rene…
The production and export of light cars in Mexico showed lower declines in September. In that month, the industry took 355,525 light units out of factories, a 6 percent reduction compared to last year, a percentage that represented about 23 thousand cars less. So far this year, in addition, the negative difference was 0.3 percent, since there was an accumulated 3 million 21,554 units, about 9,300 below the volume of the same period of 2024. Acco…
Mexico and Canada were the first countries that Donald Trump threatened with tariffs when he returned to the White House in January. Ten months later, both enjoy an estimated global tariff rate of less than 10%, according to Capital Economics, a London-based consulting firm, well below the world average of 17%. They have been protected by the Treaty between the United States, Mexico and Canada (T-MEC), a trade agreement that Trump negotiated dur…
Mexico has shown that it can assemble products with the same precision as the most advanced factories in the world. But it has not shown that it can design them. The gap between manufacturing and what has been called the “manufacture” – between manufacturing and generating its own innovation – silently crosses the entire national economic model. “We are still a maquila country and sadly we are probably going to follow,” warned Samuel Peña during…
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