Honda Confirms No Production Changes in Mexico Amid U.S. Tariffs

Mexican Economy Minister Marcelo Ebrard announced that Honda executives confirmed there will be no changes to their production in Mexico, despite reports suggesting a potential shift to the U.S. due to new auto tariffs. Ebrard's statement follows concerns raised by media about Honda's plans in light of the 25% tariffs imposed by the U.S. on foreign-made vehicles. Additionally, President Claudia Sheinbaum mentioned that many auto industry CEOs have indicated they do not plan to change their production strategies at this time. This sentiment reflects a broader trend among automakers in Mexico, as they navigate the implications of the tariffs without immediate plans to relocate operations. Ebrard is also engaged in negotiations with the U.S. to secure preferential tariff treatment for Mexican exports, aiming to reduce tariffs from 25% to lower rates. These discussions are part of ongoing efforts to adapt to the evolving trade landscape and maintain Mexico's position in the automotive industry.