Thesis Days, The Atmosphere In The Mexican City of Puebla is a Mix of Calm Racht within the Roads of Mexico’s Number One Automobile Market Center, Suppliers Are Marketing Their Roast Poultry From Bbqs As Constantly, While A Road Artist-the-Scenes to Coax a Couple of Coins from Passersby along with his effectivity.
On the Surface Area, Life Appears to Be Taking Place Customarily. And Yet, on this specific day, everyxious checking their telephones to lists to the present info from the us, the place donald trump will make “liberation day” assertion of which nation will definitely want what tatiffs sooner or later.
When the updates in the end appeared on people shows, the alleviation was Apparent. The Measures Coming Out of the White House Appeared to Be Better Than Feared for Both the City and The Country Later, On April 9, Trump Paused the Tariffs for 90 Days, and Lowered the Tariff For Most Countries to 10%, The Lowest Level.
A Mix of Concern and Confidence
In Mexico – A Country that Combated Difficult to Gain Its Reputation as a Reliable Car Manufacturing Hub – Public Opinion About Trump’s Trade Policies, However, Remains Divided.
Speaking with DW, Economics Student Fabricio Fernandez Said there was “no Reason to be afraid,” Because “It’s Simple – He [Trump] Pays the Tariffs Himelf. “
Pensioner Julia, on the Various Other Hand, What Visibly Extra Worried. She Fears for the Future of Puebla as an Automotive Center.
“It’s all very unettling. For the people, for the country, for everything. When I go to the supermarket, everything is more expensive, and if jobs disappear, Things will get Even worse,” She Told dw.
Mexico’s Auto Sector Thriving After Trump Deal
Thomas Karig Recalls Donald Trump’s First Term In Office During What The Us Presited Forced Mexico and Canada to Renegotiate The North American Free Trade Agreement (NAFTA) which Ultimately Substined by the United States-Mexico-Canada Agreement (USMCA).
The New Trade Pact Has Led to “Strong Growth Among Auto Parts Suppliers in Mexico,” The 71-Year-Old Business Consultant primarily based primarily based in Puebla Told DW.
Formerly the Vice President of Corporate Relations at Volkswagen in Puebla, Karig Attributes This to the Share of So-Called “Regional Content” Products Made Within the North American Region- which A Us Requirement, and which has precise been raised by 20.5% Percentage Points to a Total Amount of 75%.
“You Could Definitory Say The Renegotiation Turned Out to Be a Success Story for Both the Us and Mexico,” Karig Said
After preliminary Fears of a Massive Tariff Blow to the Mexican Economy Have Subsided, Mexico’s Economy Minister Marcelo Ebrard So Showed Himelf To Be More Confident in A Recent Interview with Local Radio Formula.
Donald Trump’s “Restructuring of Global Trade” Could Actually Be a Major Opportunity for Mexico, He Said.
“What we saw Yesterday was the Birth of a New Trade and Likikely So a Geopolitical Order. One phase is over, and another has Begun,” Ebrard Stated, Before Trump Pushed Break.
Mexico Remains in A Strong Position, He Added, Thanks to the USMCA DEAL that “Still in Place,” and “Extremely Valuable for Mexico.”
“We Don’t have any reciprocal Taiffs. A Large Portion of our Foreign Trade-Handled Through the USMCA-IS TAIFF FREE. That’s very good news.”
Uscma on the Table Once Again
Thomas Karig Even Believes that Trump Might Seek Another Renegotization of the Trade Terms with Mexico with the Aim of “Further Strengensing Regional Content.” He Argued that Mexico Had “Done Well With Its Measured Approach” a lot.
“Sure, Mexico Could Retaliate with Taiffs on Us Products,” Karig Noted, “But the Question is Whether that would really make sense or be productive.”
After all, he Added, Tatiffs are inevitly a tax bond – one pay ether by buyer or by organizations. “And that would really Only Hurt the Mexican People.”
Business Consultant Kenneth Smith Ramos, A Former Chief Negotiator for the Mexican Government within the USCMA Talks, Thinks the Trump Administration is Determined to “Reopen and Renegotiate” The Agreement, He Told Reporters On The Sidelines Of The Logistics World Event in Mexico City Recently.
Despite the Mexican Government’s Composed Attitude Toward The Trade Policies Currently Being Pursued by Its Neighbor to the North, News from the Country’s All-Important Automotive Industry Declares.
Mexican Media Outlet Milenio Reported Lately that Car Manufacturer Stellis Made A Decision to Quit Manufacturing at 2 Mexican Plants – Saltillo van and Toluca – Following Trump’s Announcement of Tatiffs On Import Automobiles. And According to News Portal Aristegui noticiasJapanese Carmaker Nissan Had So Temporarily Shut Down Operations At Two of Its Mexico Plants Where Commercial Vehicles Are Made.
On a Brighter Note, Sweden’s Volvo is seemingly Planning to Boost Its Investment in Mexico, According to Economy Minister Ebrard, Seeking to Spend $ 700 million (EUR 639 million) on ITS methods in Cienega de Flores.
This quick article what initially in German.
