Automotive tariffs in Mexico

Mexico imported $48B in motor vehicles and parts in 2024 (HS Chapter 87) and exported $185B — making it the world's 5th largest auto exporter. The US ($26B), Germany ($5B), Japan ($4B), South Korea ($2.5B) and China ($2B) lead Mexico's vehicle imports. USMCA / T-MEC delivers 0% on qualifying US/Canada-origin vehicles…