Mexico Celebrates US Tariff Reduction on Vehicles

Mexico City's Head of Government, Claudia Sheinbaum, announced today that the United States has significantly reduced tariffs on vehicles manufactured in Mexico. The tariff reduction, from 25% to 15%, is a result of the close collaboration and interconnected nature of the automotive industry among Mexico, the United States, and Canada. "This reduction is important for vehicles manufactured in Mexico," Sheinbaum stated during a press conference. The announcement is seen as a positive development for the Mexican economy and its automotive sector. Sheinbaum also indicated that efforts are underway to secure similar tariff reductions for steel and aluminum. This development reflects the ongoing economic relationship and negotiations between the two North American countries.