Mexico celebrated on Thursday, droppingLast round of tariffsFrom the White House, seeking dozens of US trading partners around the world, but also quickly reminded that the consequences of uncertainty cannot be completely avoided in the world economy.
President Claudia Sheinbaum said the Free Trade Agreement signed by Mexico, Canada and the United StatesDuring the first Trump administrationKept Mexico.
Now her government focus on existing25% of US rates on imported cars.steel and aluminum,When accelerating domestic production to protect jobs and reduction of imports.
“During my last call with President Trump, I said that in the case of mutual tariffs, I understand that there will be no tariffs (in Mexico) because Mexico does not set tariffs in the US,” said Sheinbaum.
Economy Secretary Marseille Ebard noted that, despite the fact that the US treaties from the United States, many countries were tariffs, US President Donald Trump announced on Wednesday that he called “Liberation Day.” Trump has raised tariffs as a way to return production jobs in the US
Noticing that Mexico evaded the last round of tariffs, Ebard said Swaths of Mexican Exports, including agricultural products such as avocado, clothing and electronics, will continue to come to the United States without duties.
Meanwhile, Sheinbaum encouraged companies that do not export free trade in Mexico for various reasons to take the necessary action. As an example, she referred to large German car manufacturers.
Lending to the free trade agreement may include anything: from making documents before making a product search adjustment.
Despite the fact that Trump’s latest tariffs did not impose on Mexico, the uncertainty they created, and the interconnection of North America’s supply networks meant that it would not take a long time to touch Mexico.
StellantisCar Brands Manufacturer including Dodge and Jeep announced what will bePause ProductionAt the factory of the assembly plant in Talutsa west of Mexico A month, as long as it evaluates the impact of tariffs on its activities. A similar temporary stop production was scheduled for a collection plant in Canada, and about 900 workers were to be temporarily fired at several factories in the United States.
This uncertainty is part of the reasons why Sheinbaum pushes Mexico’s plan, the initiative to promote and develop more internal production.
As an example, she referred to cooperation between her government, local universities and Mexican companies Megaflux and Dina to produce electric buses for public transport.
Ebard recently said buses are not only technological progress in Mexico, but also a “strategic solution” for the benefit of Mexico’s industrial sovereignty.
At the plant in Mexico, electric buses called Taruk-Trail-Runner in the language of the indigenous in production. Megaflux CEO Roberto Gottfried said the company hoped to deliver about 200 by the end of the year.
He noted that about 70% of the components of the Tarut are made in Mexico, including its engine, but the lithium batteries that pour them from China.
In a country where each of the three people uses public transport every day, the development of this sector is critical, Gottfried said.
Despite the global economic problems provided by the uncertainty caused by the tariffs, he said, the major domestic market of Mexico gives the initiative a competitive advantage for the development and weather of thunderstorms.
Originally this story was presented on Fortune.com
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2025-04-03 23:13:00
MarÃa Verza, Fabiola Sánchez, The Associated Press
