The US government has implemented a 25% tariff on all imports from Mexico and Canada, a move that jeopardizes the decades-long free trade relationship. This decision, supported by Donald Trump, is predicted to cost American families $20.5 billion and lead to inflation on various consumer products. The automotive and electronics sectors in Mexico, which constitute a significant portion of its exports, are particularly at risk. Mexico has emerged as a key auto exporter to the US, with concerns that its trade relations will be adversely impacted by these new tariffs.
The US government has imposed tariffs of 25 percent on all imports from Mexico and Canada, threatening a free trade system maintained for over 30 years.
Marcelo Ebrard warned these tariffs could cost $20.5 billion for around 89 million American families and raise inflation on goods like vehicles and electronics.
The Trump administration argues that low tax conditions under the USMCA are exploited by China, affecting Mexico's automotive sector, which is vital for US-Mexico trade.
In 2023, Mexican vehicle sales reached $188.9 million, with most being exported to the US, emphasizing Mexico's role as a major auto supplier.
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