The production of transportation equipment contributed 33% of the value added of IMMEX companies in Mexico during 2024. The IMMEX industry is based on an agile import-export model. These companies bring in inputs and components without paying tariffs. They then export the finished products. Tariffs are only applied
Higher regional content reduced imports of essential parts from non-USMCA countries, according to a USITC analysis. Lower foreign purchases of these products from the USMCA region were due to tighter rules of origin. Essential parts account for approximately 40% of vehicle cost and include engines, transmissions, body and
USMCA rules of origin led to a reduction in Mexican vehicle exports in 2024, according to an analysis by the United States International Trade Commission (USITC). However, the decrease was marginal compared to total Mexican exports of these products. Rules of origin are the criteria necessary to determine
Section 232 tariffs have weakened the U.S. auto industry, according to U.S. manufacturers. An earlier model by the International Trade Commission (USITC) estimated that Section 232 tariffs led to an increase in the domestic supply of certain steel and aluminum products. The reference for this conclusion was included
Mining production in Mexico has shown a downward trend over the last two years. In real terms, the country’s mining GDP fell from 4.1% in 2022 to 0.1% in 2023. The following year, it fell by 4.3%, according to Inegi data. These figures are based on GDP calculated
The U.S. government announced Monday the gradual opening of cattle, bison and equine imports from Mexico. As of May 11, the U.S. government suspended imports due to findings of screwworm in southern Mexico. In a press release, U.S. Secretary of Agriculture Brooke L. Rollins announced the risk-based reopening