Trump Considered a Threat to the Mexican Automotive Industry

The presidency of Donald Trump in the United States will be a threat to the Mexican auto industry, local sources say here today.

The previous week, the US president-elect threatened General Motors and Toyota companies to impose high tariffs on vehicles they ship from Mexico.

For its part, Ford Motors Company, under pressure from Trump, canceled an investment for 1.6 billion of a plant in San Luis Potosí.

For the Mexican Association of the Automotive Industry (AMIA) the threats are not minor, as 77 percent of the automotive assembled in Mexico are destined for the market of the northern neighbor.

From January to November 2016 Mexican vehicles accounted for 12.4 percent of the total number of cars sold in the United States, where plants in Mexico shipped one million 964 thousand units, according to figures released by the newspaper El Universal.

Automotive exports represent the highest value in the Mexican economy and generate a significant source of foreign exchange for the country.