Mexico weighs BYD's EV investment as Trump's tariffs threaten auto industry in Mexico.

Mexico is considering a Chinese electric vehicle company, BYD's, investment plans amid concerns over President-elect Donald Trump's proposed 25% tariff on Mexican goods. The potential factory could be seen as assisting Chinese companies' access to the U.S. market, complicating relations. Mexico may retaliate with its own tariffs, while companies like Honda, Nissan, Toyota, and Tesla face potential disruptions due to the tariffs, possibly reconsidering their manufacturing locations in Mexico.

November 26, 2024
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