Mexico officials warn about Trump's tariff impact on US companies

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Mexico officials warn about Trump's tariff impact on US companies - Business Standard

Quick Summary:

Ebrard also said that top carmakers such as Ford had no plans to move production from Mexico.

As for billionaire Elon Musk's Tesla, Ebrard said, Mexico is still waiting to hear back on whether it will proceed with a previously announced multi-billion-dollar megafactory in northern Mexico.

Trump had floated both a 200 per cent tariff on all autos imported from Mexico and a 200 per cent tariff on China-related automakers that move production to Mexico.