The 25 percent tariff on cars manufactured in Mexico that are non-compliant with the USMCA have caused many auto manufacturers to restructure their production and distribution strategies, spurring calls within Mexico for governmental action to support manufacturers and workers.
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Trump highlighted his conversation with Mexican President Claudia Sheinbaum and their governments’ collaborative efforts on border security as instrumental to postponing the tariffs until April 2
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Meanwhile, Mexican President Sheinbaum encouraged protests against the tariffs and said Mexico may seek alternative trade partners to the United States should the tariffs stay in place
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The Mexican Secretary of the Economy cautioned that Mexican tariffs on U.S. goods could contribute to inflation in the United States
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The approach of the Sheinbaum administration stands in contrast to the policies and opinions held by her predecessor, former Mexican President Andrés Manuel López Obrador
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The Wall Street Journal reported that approximately $35 billion in U.S. investment is now suspended due to the potential impacts of President López Obrador’s proposed changes to the judicial branch
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The newspaper highlighted that Mexico’s President-elect Claudia Sheinbaum’s support of the judicial reforms could undermine the goals of her presidential administration on the international stage
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Economic analysts noted that key factors like President-elect Sheinbaum’s cabinet appointments and the outcome of the upcoming U.S. presidential elections
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Lawmakers highlighted concerns surrouding Mexico’s energy policy, nearshoring capabilities and government transparency
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Nearshoring picked up steam when the covid-19 pandemic exposed the considerable risks inherent in the supply chains for numerous critically important products and intermediate goods for which there was often a single supplier
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