MEXICO CITY (Reuters) – Mexican President Claudia Sheinbaum said on Tuesday that the majority of automobile executives with plants in Mexico have said that, as of now, they have no plans to move their factories.
“I have personally spoken with many of the CEOs and global managers of several of the auto companies to find out what they are thinking about the future…Most of them have told us that they do not plan to change anything at this time,” the president said during her regular morning news conference.
Mexico, which ships nearly 80% of its exports to the United States, was not included on Trump’s list of global, across-the-board tariffs announced on nations last week.
But Mexico is still subject to Trump’s previously imposed tariffs of 25% on steel, aluminum and automobiles, as well as on goods that do not comply with the regional USMCA trade pact.
Mexican Economy Minister Marcelo Ebrard will meet with U.S. Commerce Secretary Howard Lutnick in Washington later on Tuesday to talk about these tariffs, Sheinbaum said.
Sheinbaum has said that her government would like to avoid imposing reciprocal tariffs, but they cannot be ruled out.
(Reporting by Raul Cortes; Editing by Kylie Madry)