Mexico complains U.S. trade tariffs on its auto exports are higher than those on South Korean imports
Half-baked but well-meaning. A passing snack.
Summary
Mexican government officials are expressing dissatisfaction with the U.S. trade pact, pointing out that the average tariff on Mexican auto exports is nearly 19%, which is higher than the 15% tariffs imposed on some vehicles imported from Asia, including South Korea. This suggests Mexico believes South Korea received more favorable trade terms.
Key quotes
· 2 pulledMexican government officials have shown evidence that the average tariff on Mexican auto exports is almost 19%
The average tariff on Mexican auto exports is almost 19%, higher than the 15% levies on some vehicles imported from Asia
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