Mexico's US Auto Exports Face Verified 15% Tariff

Mexican Economy Minister Marcelo Ebrard announced that vehicles assembled in Mexico and exported to the United States will face an average tariff of 15%, rather than the full 25% recently imposed by the Trump administration. This reduced tariff rate results from discounts available under the United States-Mexico-Canada Agreement (USMCA), where tariffs apply only to the non-U.S. portion of the vehicle if companies certify the percentage of U.S.-made components. This preferential treatment provides Mexico with a competitive advantage over other exporting countries, although Mexico hopes for eventual zero tariffs in future negotiations. The tariffs, initially imposed to protect U.S. manufacturers, have drawn criticism from automakers and trade groups due to their economic impact. Mexican exports are highly dependent on the U.S. market, with 80% of Mexico's exports directed there, making the tariff adjustments significant for the Mexican automotive sector. Industry leaders have urged recognition of existing regional trade frameworks that support integrated North American supply chains.