Nissan CEO Infield proposed that President Trump's tariffs would force automakers to shift production out of Mexico.
“From Mexico to the US, we export a considerable number of cars this fiscal year.[…] 320,000 units are exported from Mexico to the US. If you are subject to high tariffs, you must be prepared for this. While we are monitoring the situation, it is real,” Uchida said. Reuters translation.
The move could be a major blow to the Mexican auto production sector. This could be a major blow as nearly 670,000 vehicles were made by Nissan last year, with over 456,000 of which have been exported, and the movement is being exported. Spanish unotv.
According to the outlet, Nissan ranks second in Mexico on the metric behind General Motors.
“We export in large quantities, so if the tariffs are high, this will have a big impact on our business, so we need to monitor this carefully.”
Trump's 25% tariffs in Mexico are currently pending until at least March following a conversation with Mexican President Claudia Sinbaum.
Trump argues that the main goal of tariffs for US southern neighbors is to promote border security.
“It was a very friendly conversation, and she agreed to immediately supply 10,000 Mexican soldiers at the border separating Mexico and the US. These soldiers stopped the flow of fentanyl. , specially designated to stop the flow of illegal immigration into our country,” Trump said in the Truth Social Post after his conversation with Shainbaum.
Still, Trump said that conversations between the two countries will be held by ministers, including Secretary of State Marco Rubio, Secretary of Commerce Howard Rutnik and Treasury Secretary Scott Becent, according to a post at the time.
However, the possibility of tariffs reopening is that popular US companies like Nissan will consider actions to avoid higher costs if their production lines are based on Mexico, China or Canada .
In addition to tariffs on Mexico, the White House has announced that there will be mutual tariffs in countries that add premiums to the costs of American goods.
“By making trade deficits more reciprocal and balanced, we can reduce trade deficits. Growing the US economy. Trump is the one who is involved in the interests of American workers, manufacturers, farmers, ranches, entrepreneurs and businesses. To improve your trade relations with your trading partners.” Thursday's memorandum.
