Mexico Seeks Tariff Exemption to Protect Autos Industry Amid U.S. Trade Tensions

Mexico is negotiating for an exemption for its autos industry after the U.S. announced a 25% tariff on auto imports. Economy Minister Marcelo Ebrard is working to secure preferential terms under the USMCA to safeguard jobs and economic activity in Mexico.

In the wake of new U.S. tariffs on automotive imports, Mexico is striving to secure an exemption for its crucial autos industry, according to Economy Minister Marcelo Ebrard.

The announcement of a 25% tariff by President Donald Trump threatens the USMCA agreement binding Mexico, Canada, and the U.S. Ebrard, speaking from Washington, emphasized the importance of ongoing negotiations to ensure Mexico receives preferential treatment under these new rules.

President Claudia Sheinbaum informed that a meeting with automakers, including Ford, General Motors, and Stellantis, is planned to assess impacts and strategies for promoting the internal market. Meanwhile, the U.S.'s partial tariff exemption applies to USMCA-compliant parts based on their U.S. content value.

(With inputs from agencies.)