President-elect Donald Trump has pledged a 25% tariff on imports from Mexico, Canada, and China, raising concerns for auto and tech companies with operations in Mexico.
Automakers
Honda, Nissan, Toyota, Mazda, and Kia produce vehicles in Mexico for export to the U.S. A tariff could lead to shifts in production or increased costs.
Tesla Suppliers
Tesla has encouraged Chinese suppliers to establish operations in Mexico to support its Gigafactory plans, though production timelines have shifted to its Texas facility.
Chinese Automakers
BYD and JAC Motors operate in Mexico, while SAIC’s MG plans to build a new plant.
Tech Companies
Foxconn is preparing to produce AI servers in Mexico by early next year, while Lenovo manufactures servers for the North American market at its Monterrey facility. LG Electronics produces TVs, appliances, and EV parts in the region.
