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Mexico | Tariff Storm | Auto Parts | T-MEC Agreement | Friendshoring
One of the main uncertainties was the impact that a 25% general tariff would have on Mexican auto parts. However, recent developments have temporarily alleviated this pressure. On May 2, Claudia Sheinbaum, Mexico's president, confirmed that the U.S. will keep tariffs on Mexican-made auto parts at zero, in line with the U.S.-Mexico-Canada Agreement (T-MEC).Marcelo Ebrard, Secretary of Economy,…