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President Trump signed a proclamation enacting 25% tariffs on the import of passenger vehicles and automotive parts. However, domestic automakers can get a break from that if they operate under the guidelines of the United States-Mexico-Canada Agreement, established in 2020.
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After being put on hold for 30 days, President Donald Trump's new tariff terms will be in place starting March 4. That means surcharges of 25% on goods imported from Mexico, 10% on imports from Canada, and now 20% on those coming in from China.
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Mexico took center stage as China's foremost choice for light-duty commercial vehicle exports.
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Just how much will the automaker invest in the Mexico assembly plant over the next three years?
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Maxon has completed construction of its second manufacturing plant in Monterrey, Mexico, nearly 15 years since opening its first facility in Tijuana.
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Cennatic expects to complete the production line installation by the end of 2022.
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Jeronimo Cervantes, co-founder and principal of Jebol Mexico, a trucking and assets service provider, has been named to serve as the Mexico and Latin America liaison for Bobit, publisher of Automotive Fleet and producer of industry conferences, including the Global Fleet Conference.
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Today’s international market conditions are not so different than they were 20 years ago and there are opportunities to be had (but no one said it was easy).
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Trucking and logistics interests are keeping a close eye on talks to revamp the North American Free Trade Agreement begin this week – particularly those involved in the automotive industry.
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Ford is shifting production of its next-generation 2019 Focus compact car to China from Mexico, and will invest $900 million in its Kentucky Truck Plant to expand production for the new Expedition and Lincoln Navigator, Ford has announced.
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