The U.S. doesn't want Chinese automakers to use Mexico to avoid tariffs
Facing pressure from the U.S., Mexico has reportedly stopped offering Chinese automakers federal incentives to set up manufacturing plants. American officials fear that automakers from China might use Mexico as a way to circumvent import tariffs. Companies like BYD have reportedly pivoted, and are now looking for incentives from Mexican state governments. The Mexican federal government will halt incentives to automakers from China following pressure for the U.S.
Although it did not confirm that it had a role in ending incentives, the office did tell Reuters that the United States-Mexico-Canada Agreement was not supposed to provide a back door to China and others who may be seeking to access our market without paying tariffs. Chinese automakers are looking to expand into new markets.
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