Mexico celebrated on Thursday after it escapedThe latest round of definitionsFrom the White House, which takes the target of dozens of commercial partners around the world, but was quickly reminded that in the global economy, the effects of uncertainty cannot be avoided.
President Claudia Shinbom said that the free trade agreement signed by Mexico, Canada and the United StatesDuring the first administration of TrumpMexico was protected.
Now her government will focus on the list25 % American definitions on imported carsandSteel and aluminum,While speeding up local production to protect jobs and reduce imports.
“During my last call to President Trump, I said that in the case of mutual tariffs, what I understand is that there will be no tariff (on Mexico), because Mexico does not put a tariff on the United States.”
Economy Minister Marcelo Eporard indicated that despite free trade agreements with the United States, many countries have been targeted by US President Donald Trump announced on Wednesday about what was called “Liberation Day”. Trump framing the definitions as a way to restore manufacturing functions to the United States
Noting that Mexico avoids the last round of the definitions, E require that Mexican exports, including agricultural products such as avocado, clothing and electronics, will continue to enter the United States without import duties.
Meanwhile, Shinabum encouraged the companies produced in Mexico and that were not exported under the Free Trade Agreement for various reasons to take the necessary steps to qualify. The major German car producers were martyred as an example.
The qualification of the Free Trade Convention can include anything from making papers to amendments to the product sources.
Although Trump’s tariff was not imposed on Mexico, the uncertainty they created and interconnected between North America’s car supplies means that the effects did not touch Mexico.
StelantisCar brand makers, including Dodge and Jeep, announced that she would workProduction productionAt the assembly factory in Toloca, west of Mexico City for the month of April, while assessing the impact of definitions on its operations. A temporary stopping date has been set for the assembly factory in Canada, and about 900 workers were scheduled to be discharged through many plants in the United States.
This uncertainty is part of the reasons that make Sheinbau pay Plan Mexico, an initiative to enhance and cultivate more local production.
For example, she cited cooperation between her government, local universities, Megaflux and DINA to produce electric buses for public transport.
Ezrard recently said that buses are not only technological progress in Mexico, but also a “strategic decision” in favor of industrial sovereignty in Mexico.
At a factory in Mexico City, the electric buses called Taruk-Runner in the original yaqui language-already production. The Director of Megaflux, General Roberto Gotfred said that the company hopes to provide about 200 by the end of the year.
He pointed out that about 70 % of Taruk components are produced in Mexico, including its engine, but the lithium batteries that work from China.
Gottfred said that one of them used public transport in a country that one in three people use every day, as the development of this sector is very important.
He said that despite the global economic challenges provided by the uncertainty resulting from the customs tariff, the large internal market in Mexico gives the initiative a competitive advantage to develop the storm.
This story was originally shown on Fortune.com
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