Marcelo Ebrard Casaubon, Secretary of Economy (SE), said that little by little the tariff mist in the automotive industry of the TMEC is elucidated, after the president of the United States, Donald Trump, is respecting the commercial agreement.
“Little by little this mist is elucidated and at the end of the day, because we are probably what we are going to face is a situation where it is not so disadvantageous (the tariff for the automotive industry), as perhaps many expected it to be,” said the official.
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The official said that the tariff issue for the automotive industry and auto parts “will be better than we had expected.”
“One of the things we have to be clear about is how the cars sector will look, something that we commented yesterday at a meeting with the Japan ambassador to Mexico,” he said.
Ebrard said that the decisions announced by the president of the United States are complex reading and very technical, “because you have different instruments, different documents and I do not want to make a breviary because it will take half an hour.”
The executive order signed by the president of the United States “refers to the auto parts and components of the TMEC, which means that they will have a similar treatment that the United States parts or components have,” recalled the head of the SE.
The president of the United States, Donald Trump, continues with his attempt to correct the chaos of a commercial war marked by the sway and the uncertainty in the imposition of tariffs, some flyers caused by fear and tension in the markets and complaints of large companies.
The last decision has been the tariff relief to the automobile sector, in an agreement with manufacturers to modify the 25% tariff on some imported pieces, coinciding with the celebration of the first hundred days of its second term and through an executive order.
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According to the decree, if these parties represent 15% of the total value of a car mounted on the US and the tariff on these pieces is 25%, the federal government will apply an equivalent loan 3.75% of the total value of the vehicle for assemblies from April 3 of this year until April 30, 2026, and 2.5% for the assembly until the end of April 2027.
“That and other of the contents of the measures that are being announced, tell us that we will continue to have a relative advantageous situation, regarding the set of tariffs that are ongoing,” he said.
“We were very pleased to see that, because we thought the T-MEC was no longer going to be used and it is a reference, again, of the decisions that were announced yesterday.”
“It will serve if you have parts in Mexico, components in Mexico, so that it is part of your content to have access to compensation and other things in the United States,” said Marcelo Ebrard.
