Automotive OEM and Aftermarket Associations Relieved Over Suspension of Mexico Tariff Threat

Auto industry and insurers already concerned about impact of tariffs on parts prices were concerned Mexico tariffs would have had enormous impact on costs and ultimately premiums.

Several automotive industry association expressed relief that the U.S. and Mexico reached an agreement last week to remove the threat of U.S. tariffs on products from Mexico. The Trump Administration had warned that inaction by Mexico on immigration issues would lead to the introduction of tariffs on products entering the U.S. from Mexico. For automobile companies and parts suppliers, who have developed integrated supply chains across both Mexico, Canada and the U.S., the