The new tariffs will begin to charge on April 3 And they will be imposed Both cars and imported light trucks or trucks, Trump said.
The goal is to press companies to manufacture in the United States.
Mexico and Canada, its partners in the North American Free Trade Agreement (T-MEC), They are very affected, like Germany, South Korea and Japan.
According to one of Trump’s advisors, tariffs will join thepreexisting rates (usually 2.5%), so Imported cars will be taxed at 27.5% of its value.
In the case of Chinese electric vehicles, taxed from August to 100%, Customs encumbrances will amount to 125%.
The project has an exception: vehicles assembled in Mexico or Canada will be subject to a 25% tax Only on the part of loose pieces that do not come from the United States.
Mexico sends more than 80% of its exports to the United States through the T-MEC, which It was signed during Trump’s first mandate from 2017 to 2021.
Several analysts have warned that if tariffs, the Mexican economy imposedthe second largest in Latin America, could fall into recession.
Actually 50% of vehicles sold in the United States are manufactured abroad and imported components are used for half of those that assemble in US territory, According to Trump’s commercial advisor, Peter Navarro.