US Edition
Commerce Asks Automakers for Supply Chain Data for Tariff Evaluations
- According to Marcelo Ebrard, Mexico’s Economy Minister, vehicles manufactured in Mexico and shipped to the US will incur an average tariff of 15% rather than 25%, benefiting from discounts available to domestically produced goods.
- The tariff reduction results from discounts applied to exports complying with USMCA rules and certification of US parts content in vehicles.
- Mexico led US imports in 2024 with $466.6 billion in exports, while the US applied a 25% tariff on non-US-made cars starting March.
- Ebrard highlighted that Mexico holds a significant edge over other nations exporting to the U.S. And expressed a preference for eliminating tariffs altogether.
- The tariff discounts suggest ongoing trade benefits for Mexican car exporters, though US customs may retroactively apply full tariffs if declarations are inaccurate.
23 Articles
23 Articles
Automobiles: Mexico's Customs Duties to the United States Will Increase From 25 per Cent to 15 per Cent
Vehicles manufactured in Mexico and exported to the United States will now be taxed at 15% instead of 25%, said Mexican Minister of Economy Marcelo Ebrard on Tuesday, who talks about a new American decision.
EU Agrees to Give Preferential Treatment to the Automotive Industry: Ebrard
After weeks of negotiations, Mexico managed to get the United States to give preferential treatment to the automotive industry, which gives it an advantage over the other countries that still face 25 percent tariffs, said Marcelo Ebrard Casaubón, head of the Economics Secretariat (SE).
Automobile: Mexico's Customs Duties to the United States Will Rise From 25% to 15%, According to Mexico City
Mexico is one of the countries most vulnerable to customs duties imposed by Washington, as 80 per cent of its exports are destined for the United States, its main trading partner.
Coverage Details
Bias Distribution
- 56% of the sources lean Left
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
