Given the imposition of a 25% tariff on all Mexican exports, the auto parts industry of Mexico warned this Sunday that the measure will reduce the competitiveness of the region and affect economic stability.
“The impact of new tariffs will be reflected in production costs and consumer prices. In the US, an increase of 3,000 thousand dollars is estimated at the average price of cars, in addition to a possible reduction of 1 million units sold in 2025, ”said the sector integrated into the National Autopartes Industry, AC (INA).
This, he added, is because auto parts cross the three borders up to 7 or 8 times before the final assembly of a vehicle, reflecting the efficiency of the regional integration model.
Read also: Trump orders 25% tariffs to imports from Mexico and Canada
The availability of products will also be affected, and will generate disruptions in the supply chain, due to tariffs, according to projections, they will cost US consumers more than 20 billion dollars, he added.
The Mexican Association of the Automotive Industry (AMIA) and the Mexican Association of Automotive Distributors (AMDA), as well as the National Association of Buse Producers, Trucks and Tractocamions (ANPACT) joined Ina, and said they regret the imposition Unilateral tariffs for Mexico by the United States government.
“This action not only weakens the most integrated industry in North America, but also affects the internal markets of the United States, Mexico and Canada, with a direct impact on consumers, they said in a joint statement.
For this reason we support President Claudia Sheinbaum Pardo and the Government of Mexico so that through dialogue, actions and the necessary tools, agreements are established that allow us to overcome this delicate situation that puts into play the competitiveness of North America in its set”.
The participants of the car industry in Mexico added that as a sector they are working with their counterparts in the United States and Canada, and coincide with the need to defend this flagship industry in the North American region, which is the largest component of commercial exchange Under the Tmec.
On February 1, the president of the US, Donald Trump, signed an executive order that imposes a 25% tariff on all Mexican exports to be applied as of February 4 of this year.
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