MEXICO CITY (Reuters) – Mexican President Claudia Sheinbaum mentioned on Tuesday that almost all of car executives with crops in Mexico have mentioned that, as of now, they haven’t any plans to maneuver their factories.
“I’ve personally spoken with most of the CEOs and international managers of a number of of the auto firms to seek out out what they’re interested by the long run…Most of them have informed us that they don’t plan to alter something at the moment,” the president mentioned throughout her common morning information convention.
Mexico, which ships practically 80% of its exports to the US, was not included on Trump’s checklist of worldwide, across-the-board tariffs introduced on nations final week.
However Mexico continues to be topic to Trump’s beforehand imposed tariffs of 25% on metal, aluminum and vehicles, in addition to on items that don’t adjust to the regional USMCA commerce pact.
Mexican Economic system Minister Marcelo Ebrard will meet with U.S. Commerce Secretary Howard Lutnick in Washington in a while Tuesday to speak about these tariffs, Sheinbaum mentioned.
Sheinbaum has mentioned that her authorities wish to keep away from imposing reciprocal tariffs, however they can’t be dominated out.
(Reporting by Raul Cortes; Enhancing by Kylie Madry)
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