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Mexico celebrates Thursday that puts theLatest mountain of tariffsFrom the White House referring to dozens of US trade colleagues around the world, but it is also easy to remind that in a global economy the effects of uncertainty is not completely avoided.
President Claudia Siraum says that the agreement of free trade signed in Mexico, Canada and USDuring Trump’s first administrationthat protects Mexico.
Now his government focuses on the existing25% US tariffs on imported autos,,steel and aluminum,While domestic production is facilitated to protect jobs and reduce imports.
“In my last call with President Trump, I said that, in case of repayment tariffs, my understanding is not the tariffs of the United States,” says Saulogum.
Economy Secretary Marcelo Ebasard showed that despite US payments in the US, many countries are targeted by the US Donaldday president what he calls “liberation day.” Trump is framed to tariffs as a means to bring manufacturing jobs back to US
Noticed that Mexico has chosen the latest rounds of tariffs, Ebrasd says Mexican exports of agricultural products such as avocados, clothing and electronics will continue to import the US without imports.
In the meantime, Sheinbaum urged Mexican producing companies that are not exported under the agreement with free trading for different reasons to make steps to qualify. He quotes major German auto producers as an example.
Eligible for the free trade agreement involving paperwork to make sourcing changes in a product.
In spite of Trump’s new tariffs not executed in Mexico, the uncertainty they made and the North American auto supply chains means not longing to touch Mexico.
StellantisThe car performers including Dodge and Jeep, announced that thisPause productionIn Toluca Assembly plants in the west of Mexico City for the April month as it examines the effect of tariffs of its operations. A similar temporary production control is scheduled for a Canadian assembly plant and about 900 workers temporarily put in many United States plants.
That uncertainty about the reasons why Sirebaum pushes the plan Mexico, an initiative to improve and cultivate the more harvesting at home.
As an example, he quoted a collaboration between his government, local university and Mexico Company megaflux and Dina to produce electricity buses for public transport.
Erbard said the buses representing not only a Mexican development technology, but also a “strategic decision” in favor of Mexico industry.
In a factory in Mexico City, electric buses called Taruk – Tranner-Runner in the Native Yaqui language – is already in production. Megaflux Director Director General Roberto Gottfried says the company hopes to give about 200 by the end of the year.
He explained that about 70% of Taruk components were made in Mexico, including its motor, but the batteries of litium power them from China.
In a country where one of each three people uses public transport each day, the development of this sector is critical, said to be said.
Despite the global economic challenges presented with uncertainty caused by tariffs, as he, the great internal market in Mexico gives the initiative to be a competitive progress and arrival in the storm.
This story originally shown Fortune.com
