Trump Tariffs Continue to Hit the Automotive Industry
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Mexico intensifies its struggle to obtain a better tariff treatment in the automotive sector . Although the T-MEC maintains advantages for regional production, Mexican exports face a more complex environment since the Donald Trump administration imposed new taxes on vehicles, auto parts, steel and aluminum. Added to this is an increasingly strong competition from European and Asian manufacturers. Mexican strategy seeks to take the discussion bey…
The application of tariffs to export to the United States continues to wreak havoc in the Mexican automotive industry, particularly in the segment of compact and luxury cars.From January to April, car exports grew 4.7%, according to figures from the Mexican Association of Automotive Industry (AMIA).
In the industry, about 56,000 jobs were lost in the manufacture of units and auto parts, according to Inegi data.
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