Trump’s Tariffs Could Deal a Blow to Mexico’s Car Factories
The Trump administration’s proposed tariffs on imported cars and auto parts could have a significant impact on Mexico’s car industry. This is because Mexico is a major exporter of cars and auto parts to the United States. In 2017, Mexico exported over $100 billion worth of cars and auto parts to the United States. If the Trump administration’s tariffs are implemented, it could make Mexican cars and auto parts more expensive for U.S. consumers. This could lead to a decrease in demand for Mexican cars and auto parts, which could in turn lead to job losses in Mexico’s car industry.