Mexico celebrated the outburst on ThursdayThe latest circle of tariffsFrom the White House, dozens of American commercial partners worldwide go to the world, but they also quickly reminded themselves that in the global economy, the effects of uncertainty cannot be completely avoided.
President Claudia Sheinbaum said the free trade agreement was signed by Mexico, Canada and the USADuring Trump’s first administrationHe was raised by Mexico.
Now her government will focus on existing25% of American tariffs on imported cars,,steel and aluminum,while accelerating domestic production to protect jobs and reduce imports.
“During my last call with President Trump, I said that, in the case of reciprocal tariffs, my understanding was that there would be no tariff (on Mexico), because Mexico does not place tariffs on the United States,” Sheinbaum said.
Economy Secretary Marcelo Ebrd noted that despite the United States Agreements with the United States, many countries of tariffs, US President Donald Trump, announced on Wednesday to what he called “Liberation Day”. Trump framed Tariffs as a way to restore manufacturing jobs to the United States
Noticing that Mexico invented the latest circle of tariffs, Ebard said that Mexican exports, including agricultural products such as avocado, clothing and electronics, would continue to enter the US without import duties.
Sheinbaum, meanwhile, encouraged companies that produced Mexico that did not export a free trade agreement for various reasons to take the necessary steps for qualification. She cited the main German car manufacturers as an example.
The qualifying for the free trade agreement could include anything, from paper to the adjustment of the product source.
Despite the fact that Trump’s latest tariffs did not impose on Mexico, the uncertainty they created and the mutual connection of the North American cars supply chain meant that it did not take long to touch Mexico.
StellantisA car brand manufacturer, including Dodge and Jeep, announced thatPause productionIn her plant in Toluc west of Mexico City for the month of April, while evaluates the influence of the tariff on her business. Similar to stopping temporary production was scheduled for an assembly plant in Canada, and about 900 workers were to be temporarily released into several plants in the United States.
This uncertainty is part of the reason why Sheinbaum pushes the Mexico plan, the initiative to promote and nurture more domestic production.
As an example, she cited the cooperation of her government, local universities and Mexican companies Megaflux and Dina to produce electric buses for public transport.
Ebard recently said that buses not only represent technological progress in Mexico, but also a “strategic decision” in favor of industrial sovereignty in Mexico.
At the Mexico City factory, electric buses aka Taruk-Stose in the native language of Yaqui-Već are in production. Megaflux CEO Roberto Gottfried said the company hoped to deliver about 200 by the end of the year.
He noted that about 70% of Taruk’s components were produced in Mexico, including his engine, but the batteries that run them came from China.
In a country where every three people use public transport daily, developing this sector in the country is critical, Gottfried said.
Despite the global economic challenges presented by the uncertainty caused by tariffs, he said, the large internal market of Mexico gives the initiative a competitive advantage to develop and the time classification of the Storm.
This story is originally shown on Fortune.com