Source: International Business Times
Workers assemble electronic car keys at a manufacturing plant in Mexico AFP US President Donald Trump's tariffs on imported cars strike at the heart of a North American free trade agreement, threatening to disrupt supply chains and raise prices, experts say. Thanks to the United States-Mexico-Canada Agreement that came into effect in 2020 -- and its predecessor NAFTA -- the region became an assembly line spanning the three countries. "We've been making this supply chain more sophisticated for 30 years," said Juan Francisco Torres Landa, a partner at business consulting firm Hogan Lovells in Mexico.
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