Donald Trump’s auto tariffs on Mexico are “unsustainable”, and US carmakers are ultimately losing out too, the head of Mexico’s auto association has warned.
Mexico was mostly relieved on Thursday when Trump announced that goods exported under the US, Mexico, Canada trade deal (USMCA) would remain tariff-free for 90 days while talks continue.
Finished autos will still incur a 25 per cent tariff under separate measures put in place by Trump. That arrangement was paralysing investment decisions, said Rogelio Garza, president of the Mexican Auto Industry Association.
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