Trade
Mexico Aims to Raise Auto Tariff Exemptions, Official Says
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Mexico wants a greater proportion of each auto built in the country to qualify for US origin status, a move that would lower the impact of President Donald Trump’s tariff policies, Deputy Economy Minister for Foreign Trade Luis Rosendo Gutierrez said.
Confronting 25% tariffs on a wide range of products, Latin America’s second-largest economy is moving quickly to protect its vehicle shipments to the US, one of its most important exports under the regional free trade agreement that includes the US and Canada.