Nissan could throw out some production lines in Mexico because of Trump’s tariffs, says executive director
Monetarymacro.com CIO Joseph Wang claims that President Donald Trump’s tariffs are more than a negotiating tactic tactic to “earning”.
Nissan CEO Makoto Uchida suggested that President Trump’s tariffs can force car manufacturers to transfer their production outside Mexico.
“From Mexico so far we export a significant number of cars of this fiscal year[…] 320,000 units are exported from Mexico to the United States, and if high tariffs are imposed, we have to be ready for it, and we may be transferred to the production of these models elsewhere if it is a decision, we will think that we can bring how we can bring it is a reality while monitoring the situation. ” , said Uchida, according to a Translation to Reuters.
This move could be a big blow to the Mexican car production sector, because Nissan made nearly 670,000 vehicles in the country in the country and over 456,000 exported them, he states Spanish language Utotv.
Outlet said Nissan is in second place in Mexico For those measuring data after General Motors.
White House economist says negotiations about reciprocal tariffs with other countries in progress
The White House advisor for trade and production of Peter Navarro described the “most powerful weapon” Trump against inflation, on “Morning with Mary”. (Chip Somodeville / Getty Images)
“We export a large amount, so if there is a high tariff, it would have great consequences on our business, so we have to monitor it carefully.”
Trump’s 25% of Mexico tariffs are currently waiting for at least March after talking to Mexican President Claudia Sheinbaum. Trump claimed that the primary goal of tariff to the southern neighbor of the United States was promoting border security.
Nissana Makoto Uchida CEO speaks during the Bloomberg television conversation at the Global headquarters of the company in Yokohama, Japan, November 29, 2021. (Kiyoshi Ot / Bloomberg Via / Getty Images)
“It was a very kind conversation in which she agreed to deliver 10,000 Mexican soldiers immediately on the border separated by Mexico and the United States. These soldiers will be particularly determined to stop the flow of fental and illegal migrants into our country,” Trump said in a social Post after talking to Sheinbaum, while critics claimed that Mexico had repeatedly sent border troops in previous years.
What happens to Trump’s tariffs on China, Canada and Mexico?
Still, Trump said that the conversations between the two countries will now be led by the cabinet officials, including Secretary of State Marco Rubio, the secretary of the Howard Lutnick trade and Scott Treasury Minister, according to the time.
The scott scott scratch secretary discussed the global trade and Trump’s tariff plans for “Morning with Mary” on Friday. (Paul Morigi / Getty Images)
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However, the possibility of tariffs continue to cause popular companies in the United States, such as Nissan, to consider actions to avoid higher costs if the foundations of their production lines are based Mexico, China or Canada. In addition to the Mexico tariff, the White House has announced that there will be reciprocal tariffs to countries that add to the premium of US goods.
“By making a reciprocal and balanced store, we can reduce trade deficit; to grow the economy of the United States; and improve our trade relations with trade partners in favor of US workers, manufacturers, farmers, ranchers, entrepreneurs and companies,” Trump said UAA Memorandum on Thursday.
