Most automakers to stay put in Mexico, president says

Reuters

Tue, Apr 8, 2025, 8:31 AM 1 min read

MEXICO CITY (Reuters) - Mexican President Claudia Sheinbaum said connected Tuesday that the bulk of automobile executives with plants successful Mexico person said that, arsenic of now, they person nary plans to determination their factories.

"I person personally spoken with galore of the CEOs and planetary managers of respective of the car companies to find retired what they are reasoning astir the future...Most of them person told america that they bash not program to alteration thing astatine this time," the president said during her regular greeting quality conference.

Mexico, which ships astir 80% of its exports to the United States, was not included connected Trump's database of global, across-the-board tariffs announced connected nations past week.

But Mexico is inactive taxable to Trump's antecedently imposed tariffs of 25% connected steel, aluminum and automobiles, arsenic good arsenic connected goods that bash not comply with the determination USMCA commercialized pact.

Mexican Economy Minister Marcelo Ebrard volition conscionable with U.S. Commerce Secretary Howard Lutnick successful Washington aboriginal connected Tuesday to speech astir these tariffs, Sheinbaum said.

Sheinbaum has said that her authorities would similar to debar imposing reciprocal tariffs, but they cannot beryllium ruled out.

(Reporting by Raul Cortes; Editing by Kylie Madry)