Mexico City, (Reuters) .- The Secretary of Economy, Marcelo Ebrard, announced that armed cars in the country and exported to the United States will pay an average tariff of 15% and described the news as “a very large advantage” in relation to the rest of the world that has 25% rates.
The measure, established in proclamation 10908, represents a discount of around 40% on the general rate, although in some cases it could be greater, depending on the fulfillment of specific norms, Ebrard detailed.
“From now on and that this new standard enters into force, vehicles that are made in Mexico that go to the United States, instead of paying 25%, will pay around 15%,” he said in an event.
“It is a very large advantage in relation to other countries that export to the United States. Of course we would love to be zero, but for now because we are less 40%. In some cases perhaps less 50%,” he added.
Since the beginning of April, the United States applies an additional 25% tariff for cars and certain auto parts.
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However, the Mexico Treaty, the United States and Canada (TMEC) allows this tax to apply only to the non -American content of vehicles, provided that the percentage of origin is verified.
According to Ebrard, the decree also recognizes not only US components as part of the regional content, but also assembly.
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With 40% of US parts, importers avoid paying the tariff on that percentage, but the rest is still subject to the rate.
The new proclamation further reduces that impact for Mexico, consolidating its position as a privileged commercial partner, Ebrard explained.
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