On March 27 local time, the Mexican president announced that Mexico is formulating a comprehensive response measure to auto tariffs and will make a full response to US auto tariffs after April 2.
The Mexican president stated that there should be no tariffs in the US-Mexico-Canada Agreement and in free trade agreements, which is the spirit of the treaties. The Mexican government will always protect Mexico from the impact of US tariffs, and the door for talks with the US remains open.
Meanwhile, the Mexican economy minister responded that currently, negotiations are being held with the US Department of Commerce to protect the import of Mexican-made auto parts. Mexico will report on the supplementary agreements for the steel and auto industries on April 2. Despite the 25% tariff imposed by the US, Mexico's auto exports will not be seriously affected.
On March 26, the US president signed an executive order at the White House to impose a 25% tariff on imported cars in the US, and the relevant measures will take effect on April 2. Since taking office in January this year, the new US administration has frequently waved the "big stick" of tariffs at major trading partners, which has prompted relevant countries to take countermeasures to safeguard their own interests. The US's wanton use of tariff measures not only harms the interests of other countries but also greatly increases the uncertainty of the US economy and has a profound negative impact on its own interests.
In response to the US president's announcement of a 25% tariff on imported cars in the US, Germany, Canada, Japan, and the EU have all voiced their opposition to the new US tariff policy and said they will consider taking measures to respond.
