In July, the exports of the car manufacturer in Mexico would be free from the tariffs imposed by the United States government, because the revision of the T-MEC will be advanced for the second half of this year, but also because of the pressures of the Congress of that country, said Alberto Bustamante, director of the National Supplier Agency of the Automotive Sector (Anassa).
We hope that the part of the executive orders in tariffs for two things are over: because the review of the T-MEC is already advancing and also has a very important political pressure
he presented at conference.
He pointed out that within the United States Congress, Democrats and Republicans ask to reform the Commercial Expansion Law of 1962 and 1974 of Section 232, which was applied to Mexico, as well as section 301, which is for China, so that both have to be approved by the congressmen. Only in war cases the decision would be left to the president in turn.
However, Bustamante explained that another of the weight reasons so that as of July they stop the automotive imports made by the United States, is the anticipated review of the T-MEC.
In that sense, he commented that it is believed that the effects of the executive orders signed by Trump will not continue, which would be added to the commercial negotiations they have had with China.
Although the T-MEC is still valid, the United States government imposed a 25 percent tariff on Mexican products that do not have a certificate of origin in accordance with the trilateral trade agreement. In addition, the 25 percent gravamen to steel, aluminum and its derivatives, except when the first has been cast and poured into the United States, is still in force, in which case it is excepted, provided that its traceability is accredited in accordance with what is required by the Office of Customs and Border Protection of the United States.