The CIO of Monetarymacro.com Joseph Wang maintains that President Donald Trump’s prices in Canada and Mexico are more than a simple negotiation tactic on the “ money winner ”.
CEO of Nissan Makoto Uchida suggested that President Trump’s prices could force the car manufacturer to move his production outside of Mexico.
“From Mexico to the United States, we export a large number of cars this exercise[…] 320,000 units are exported from Mexico to the United States, and if the high prices are imposed, we must be ready for this, and perhaps we can transfer the production of these models elsewhere if such was the decision, we will think how We can take is a reality while monitoring the situation, “said Uchida Translation on Reuters.
This decision could be a major hit for the Mexico automotive production sector, because nearly 670,000 vehicles were manufactured by Nissan in the country last year, with more than 456,000 people, according to the Unotv in Spanish language.
The point of sale said Nissan ranks second in Mexico For these measures after General Motors.
The White House economist says that reciprocal tariff negotiations with other current countries
The White House advisor for trade and manufacturing Peter Navarro detailed the “most powerful weapons” that Trump has against inflation, “Mornings with Maria”. (SOMODEVILLA / GETTY Images)
“We expand a large volume, so if there is a high price, it would have huge implications on our business, so we have to watch it carefully.”
The 25% prices of Trump on Mexico are currently pending until less in March following a conversation with Mexican President Claudia Sheinbaum. Trump argued that the main objective of prices on the southern neighbor of the United States is to promote border security.
The CEO of Nissan, Makoto Uchida, speaks during a Bloomberg television interview at the company’s world headquarters in Yokohama, Japan, November 29, 2021. (Kiyoshi Ota / Bloomberg via / Getty Images)
“It was a very friendly conversation in which she agreed to immediately provide 10,000 Mexican soldiers on the border separating Mexico and the United States. A social post of truth after the conversation with Sheinbaum, while the critics argued that Mexico had sent border troops several times in previous years.
What’s going on with Trump’s prices on China, Canada and Mexico?
However, Trump said that the conversations between the two countries will now be led by cabinet officials, notably Secretary of State Marco Rubio, the trade secretary Howard Lunick and the Treasury Secretary Scott Bessent, according to the post era.
The secretary of the Treasury, Scott Bessent, discussed the global trade and the pricing plans of Trump the “Mornings with Maria” on Friday. (Paul Morigi / Getty Images)
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However, the possibility of recovery of prices causes popular companies in the United States, such as Nissan, to consider actions to avoid higher costs if their production lines are based on Mexico, China or Canada. In addition to the prices with Mexico, the White House announced that there would be reciprocal prices on countries that add a bonus to the cost of American products.
“By making trade more reciprocal and balanced, we can reduce the trade deficit; increase the economy of the United States; and improve our trade relations with trade partners for the benefit of American workers, manufacturers, farmers, breeders, entrepreneurs and businesses, “Trump says in a Memorandum Thursday.
