Manufacturing in Mexico: too good for US OEMs to leave?
At the time of writing, the US imposes a 25% tariff on auto imports from Mexico, with some reductions for US-Mexico-Canada Agreement (USMCA) compliant products. Negotiations are ongoing, but tensions are high: Mexico is threatening countermeasures if 50% tariffs on steel are maintained. The country is a top three exporter of steel, according to the US Department of Commerce. For some, however, tariffs are considered a potent tool for disrupting the status quo and bringing industry home.
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Originally posted on: https://www.automotiveworld.com/articles/manufacturing-in-mexico-too-good-for-us-oems-to-leave/