Get the latest tech news
How Trump’s Tariffs Will Disrupt Key Industries in Mexico
The imposition of the tariffs on Mexico and Canada represent a violation of the USMCA and could trigger a tariff war, experts say.
Even before the confirmation that the tariffs went into effect on March 4, Marcelo Ebrard, head of the Mexican Ministry of Economy (SE), warned that these taxes would represent an approximate cost of $20.5 billion dollars for about 89 million American families. Mexico's National Auto Parts Industry (INA) has warned that the imposition of tariffs on Mexican imports will weaken trade, reduce competitiveness in the region, and affect economic stability. The Minister of Economy emphasized that the tariffs would represent the United States shooting itself in the foot, as it would directly impact its own automotive companies, which depend on Mexican production to supply their domestic market.
Or read this on Wired
