
Mexico's President Sheinbaum welcomes being left off Trump's import tariffs list
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Sheinbaum told reporters
Mexico was spared thanks to her government's 'good relationship' with the US administration.
Mexico's economy is considered one of the most vulnerable to Trump's tariffs due to its close trade relations with the United States and their joint membership of the US-Mexico-Canada Agreement (USMCA) on free trade.
More than 80 per cent of Mexican exports go to the
United States , including about three million vehicles a year.
The Latin American nation is home to many foreign-owned vehicle assembly plants operated by companies including Ford, General Motors, BMW, Volkswagen and Toyota.
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Trump has slapped a
25 per cent import tariff on foreign-made cars and light trucks, effective from Thursday, though with some exceptions for USMCA-covered vehicles and parts.
The move prompted multinational car company Stellantis, which has plants in the Mexican cities of Toluca and Saltillo, to announce on Thursday it was pausing production in Mexico, where it makes Dodge cars and Ram trucks.
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