Mexico, the largest US trading partner, seeks to secure “privileged treatment” against the 25% additional tariffs on imported cars announced Wednesday by President Donald Trump. Mexico also prepares the “complete response” to April 3 to the trade war that Trump started, President Claudia Seinbaum said. “If we are led to a system of such high duties, what we need to pursue is a privileged treatment for Mexico,” Finance Minister Marcelo Embrad told reporters via video call. The aim is to “protect Mexico’s jobs and economic activity,” added the minister, who is in Washington to negotiate with the US government. “We are essentially exporting three million vehicles a year to the US. We provide 40% of all components used in the US, “he recalled. Mexico is the largest US trading partner, where 80% of its exports are directed. There are 37 car production plants on its territory […]
Source: News Beast
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