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Posts Tagged ‘Mexico auto exports to U.S.’

Mexican Auto Imports on Increase Despite Trump’s Pushback

Sales of models produced “South of the Border” hit all-time high in 2017.

by on Jan.09, 2018

Mexico exported 2.33 million vehicles to the U.S. in 2017, a 9.4% increase over 2016.

Despite a campaign promise by Pres. Donald Trump to curb their import, sales of Mexican-made cars, trucks and crossovers surged to an all-time high in 2017.

In all, 2.33 million vehicles were shipped to the U.S. from assembly lines “South of the border,” a 9.4% increase over 2016, according to Mexican auto industry data. That reflects a variety of factors, including the opening of new Mexican assembly plants, including an Audi factory that last year became the sole global source of the carmaker’s popular Q5 crossover-utility vehicle.

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The surge could create some political headaches for Mexico, however. During his 2016 campaign, then-candidate Trump sharply criticized carmakers like Ford for importing cars from Mexico and warned he would impose “a big border tax.” While Trump hasn’t followed up on that threat his administration’s chief trade representative is engaged in a high-stakes bid to renegotiate the North American Free Trade Agreement that helped boost the Mexican auto industry. (more…)

Mexico Auto Exports to U.S. Reach Record High in June

Results likely to charge up Trump administration efforts in NAFTA talks.

by on Jul.11, 2017

The Big Three automakers would like NAFTA to remain status quo; however, the Trump Administration is renegotiating the deal this summer.

With discussions on altering the North American Free Trade Agreement set to begin next month, Mexico’s auto exports set a record in June with the help of in shipments to buyers in the United States, according to new figures released by the Mexican Auto Industry Association.

With carmakers slowing production at plants in the U.S., these new results are certain to give new life to the Trump administration’s efforts to alter NAFTA’s terms.

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Automakers generally fear that these potential changes have the potential to disrupt the international network of suppliers that have linked up plants in the U.S., Canada and Mexico. (more…)