Very true. However, while playing both sides, we have fortunately gotten close to China and Rusia. If this trading partnership grows while the USA exhausts itself, it leaves us in a similar position as Brazil who is in both the G7 and BRICs.
not close enough to china to prevent the biden administration from successfully pressuring the mexican government to make chinese EV manufacturing as difficult as possible to protect american companies by withholding tax and legal benefits for any chinese company that wants to setup shop in mexico.
Fortunately, the impact of removing the tax credits is very small or even unrecognizable. Also, Chinese EV manufacturing is already being done in Mexico with no issues whatsoever because the main market is Mexico for those EVs:
Isidoro Massri, director of JAC in Mexico, assured that the prices of its models will not be affected after the end of the tariff exemption, thanks to the final assembly of its vehicles in the country, which allows them to avoid those additional costs. “We have a plant that allows us not to pay tariffs. When the product is assembled locally under the CKD (Completely Knocked Down) process, in which the modules are imported from China and assembled here, acquiring a Mexican VIN, no tariffs are applied,” he explained in an interview.
Even if you check the EV market in Mexico, the Chinese EV are taking a big share and it is expanding with every passing day regardless of the pressure from the USA.
also fortunately: some of those companies like byd have no choice but to expand or die; with or without subsidies.
i wonder how mexico will weather the next decade or so of american pressure driven by the one of the biggest and richest lobbying groups on this planet pressuring american presidents; congressmen & judges to make mexico & canada do its bidding to protect ford, gm and chrysler. (canada has already completely blocked them with tariffs like the americans did after similar pressure from the americans).
it’s not the first time mexico has been caught in a tug of war between the united states and the rest of the world, so i know that they have to experience to whether it; i just hope that the quality of life for the people i care about in mexico doesn’t continue to get worse as has been happening since the 1980’s.
Very true. However, while playing both sides, we have fortunately gotten close to China and Rusia. If this trading partnership grows while the USA exhausts itself, it leaves us in a similar position as Brazil who is in both the G7 and BRICs.
Evidence -> (With China) https://noticiaslatam.lat/20240920/transporte-agricultura-y-hasta-deportes-la-presencia-de-china-en-mexico-crece-dia-a-dia-1157650849.html
-> (With Russia) https://noticiaslatam.lat/20240914/ciencia-tecnologia-y-cultura-mexico-tiene-un-la-oportunidad-de-estrechar-su-cooperacion-con-rusia-1157476472.html
Yes thats the advantage of playing both sides, we get concessions from both sides!
not close enough to china to prevent the biden administration from successfully pressuring the mexican government to make chinese EV manufacturing as difficult as possible to protect american companies by withholding tax and legal benefits for any chinese company that wants to setup shop in mexico.
Fortunately, the impact of removing the tax credits is very small or even unrecognizable. Also, Chinese EV manufacturing is already being done in Mexico with no issues whatsoever because the main market is Mexico for those EVs:
Even if you check the EV market in Mexico, the Chinese EV are taking a big share and it is expanding with every passing day regardless of the pressure from the USA.
https://expansion.mx/empresas/2024/08/26/subiran-de-precio-autos-electricos-importados-de-china
also fortunately: some of those companies like byd have no choice but to expand or die; with or without subsidies.
i wonder how mexico will weather the next decade or so of american pressure driven by the one of the biggest and richest lobbying groups on this planet pressuring american presidents; congressmen & judges to make mexico & canada do its bidding to protect ford, gm and chrysler. (canada has already completely blocked them with tariffs like the americans did after similar pressure from the americans).
it’s not the first time mexico has been caught in a tug of war between the united states and the rest of the world, so i know that they have to experience to whether it; i just hope that the quality of life for the people i care about in mexico doesn’t continue to get worse as has been happening since the 1980’s.