President-elect Donald Trump has announced plans for tariffs on major trading partners Canada, Mexico, and China, raising concerns of potential trade wars as companies consider shifting production.
Honda's COO Shinji Aoyama indicated that if the U.S. imposes permanent tariffs on imported vehicles from Mexico, the company may need to reassess its production footprint.
Mazda's President Masahiro Moro stated that the tariff situation "is not a problem that can be solved by individual companies" and emphasized the need for collective examination before making decisions.
Volkswagen's Puebla factory is among the largest in Mexico, producing significant numbers of vehicles, including the Jetta and Tiguan, mainly for export to the U.S., emphasizing the interconnectedness of trade.
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