Mexican President Claudia Sheinbaum said today that her American counterpart Donald Trump's decision not to impose reciprocal tariff measures on Mexico was "a good thing" for her country.
"It's good for Mexico," Sheinbaum said at a press conference.
She said that such a decision was the result of the good relations her government had built with the US administration.
Mexico welcomed Trump's decision not to impose new tariffs on the country in addition to those already announced on cars, steel and aluminum, for which, as stated, the country will seek the best possible conditions for implementation.
Mexico, which is the US's number one trading partner, is one of the countries on which Trump has not imposed so-called reciprocal tariffs.
The decision marks the maintenance of the free trade agreement, added Economy Minister Marcelo Ebrard, describing it as a great success.
"Our goal for the next 40 days is to get the best conditions in the world for the automotive industry, as well as for steel and aluminum," Ebrard said.
Stellantis announced today a two-week closure of its Chrysler car plant in Canada and anticipates "pauses" in production at its Mexican plants.
Mexico has 37 car factories on its territory, including factories for Audi, BMW, Ford, Hyundai, Honda, Mazda, Nissan, Stellantis, Toyota, Volkswagen, according to the Mexican Association of the Automotive Industry.
Mexico is the world's fifth largest exporter of light vehicles, the world's fourth largest exporter of spare parts and the first supplier to the United States, the Association said.
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