On his first day in office, US President Donald Trump said he might impose 25% tariffs on Canada and Mexico starting from 1 ° February, doing stocks collapse of different car companies e battery companies Asians in today's trading.
Here are the companies that could be interested (by sector, in alphabetical order) reported by Reuters.
Car manufacturers
Audi. Audi’s plant in San Jose Chiapa, Mexico, produces the Q5, employing just over 5.000 people. It produced nearly 176.000 cars in 2023, its website shows. In the first half of 2024, nearly 40.000 cars were exported to the United States, according to Mexican Automotive.
The factory of the Volkswagen in Puebla is the largest car plant in Mexico and one of the largest in the VW Group, according to the automaker's website. In 2023, nearly 350.000 cars were produced there, including the Jetta, Tiguan and Taos, all destined for export to the United States
bmwThe plant in San Luis Potosi, Mexico, produces the 3 Series, 2 Series Coupe and M2, with nearly all production going to the U.S. and other markets around the world, according to the automaker. Starting in 2027, it will produce the all-electric “Neue Klasse” model line.
BydChinese electric vehicle maker BYD has been scouting locations to build a plant in Mexico, but has repeatedly said the factory will serve the domestic market and will not produce cars for sale in the United States.
Honda sends 80% of its Mexican production to the U.S. market, and its chief operating officer Shinji Aoyama warned in November that it would have to consider moving production if the U.S. imposed permanent tariffs on vehicles imported from the country.
JAC Motors Since 2017, China has had a joint venture in Mexico with Giant Motors to assemble JAC brand vehicles. Owned by SAIC, MG announced plans to build a plant in the country in August.
Kia CorpSouth Korea has a factory in Mexico that produces its own vehicles and a small number of Tucson SUVs for its affiliate Hyundai Motor for U.S. exports.
Mazda exported about 120.000 vehicles from Mexico to the United States in 2023. Mazda President Masahiro Moro said in November that the tariff issue “is not a problem that can be solved by individual companies” and that he would carefully examine the details before deciding on his response.
Nissan has two plants in Mexico where it produces the Sentra, Versa and Kicks models for the U.S. market. It produced nearly 505.000 vehicles in Mexico in the first nine months of 2024. The company did not disclose how many of those were exported to the U.S. market.
Stellantis operates two assembly plants in Mexico: Saltillo, which produces Ram pickups and vans, and Toluca, for the Jeep Compass midsize SUV. The Franco-Italian group also has two assembly plants in Ontario, Canada: Windsor, where it produces Chrysler models, and Brampton, which is currently being reorganized and is scheduled to resume production in 2025 with a new Jeep model.
Toyota builds its Tacoma pickup at two plants in Mexico. It sold more than 230.000 of them in the U.S. in 2023, accounting for about 10 percent of its total sales in that market. Toyota used to make the Tacoma in the U.S., but now ships all of them from Mexico, which accounts for the majority of production at the plants.
Automotive Components Suppliers
The Swedish Autoliv, the world's largest maker of airbags and seat belts, said it employs about 15.000 people in Mexico, declining to comment on exports to the United States from that country.
Tire manufacturer Michelin It has two plants in Mexico (Queretaro and Leon) and three in Canada (Pittou, Bridgewater and Waterville).
The Chinese seat manufacturer Yanfeng Automotive Interiors has been producing in Mexico for years to supply car manufacturers including General Motors and Toyota.
Other component manufacturers with plants in Mexico that serve automotive production for the U.S. market include the Italian tire maker Pirelli, Italian manufacturer of high quality brakes Brembo e Eurogroup Laminations Italy, which counts Tesla among its customers, specializes in stators and rotors, two fundamental components of electric motors and generators.
The US automaker Tesla has encouraged its Chinese suppliers to open factories in Mexico in 2023, primarily to supply the factory it plans to build in Mexico. Tesla had initially planned to start production in Mexico in early 2025, but has since opted for an expansion plan for its Texas plant.
Electronics
The world's largest contract electronics manufacturer, the Foxconn of Taiwan, is building a giant AI server factory in collaboration with Nvidia in Mexico. It plans to start production in early 2025, building a liquid-cooled server containing Nvidia’s powerful new Blackwell family of AI chips.
Chinese computer manufacturer Lenovo makes servers and other data center products at a massive site in Monterrey, Mexico, which it expanded in 2021. It said at the time that all of its data center products for the North American market are made in Monterrey.
LG Electronics South Korea makes TVs, appliances and electric vehicle parts at its Mexican sites. It said in November it was evaluating options, including changes in trade policies.
Samsung Electronics South Korea produces televisions and home appliances in Mexico and exports them to the United States
Food and beverages
Italian alcohol group Campari. According to its latest sustainability report, the company has three production sites in Mexico, the main one producing tequila under the Espolon brand, and one in Canada, which produces the Canadian whiskey brand Forty Creek. According to Citi, Campari imports 27% of its U.S. sales from Mexico and Canada.
Packaged products
Procter & Gamble and Unilever are among the large packaged goods companies exposed to tariffs on imports from Mexico, the data shows. About 10% of P&G’s shipments in the three months through the end of September came from Mexico, according to import data provider ImportYeti. About 2% of Unilever’s seaborne imports to the U.S. come from Mexico, the data shows. Both companies, and other large consumer groups such as Pepsico and Lay’s chips, have collectively invested hundreds of millions of dollars in their Mexican supply chains.
